ARK Invest, led by the pro-Bitcoin advocate Cathie Wood, and 21Shares, a renowned exchange-traded product (ETP) supplier, have announced the launch of a new suite of digital asset exchange-traded funds (ETFs). This collaboration marks a pivotal step in offering investors a comprehensive range of options for integrating digital assets into their investment portfolios.
The newly launched ETF suite is unique in its approach, combining on-chain insights with traditional investment indicators. This method aims to provide a more informed and robust investment strategy in the volatile world of cryptocurrencies. The suite includes the ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA), an actively managed ETF that targets 100% exposure to Bitcoin through futures contracts.
The suite, which is expected to start trading in the coming week, will be listed on the Chicago Board Options Exchange (CBOE). It comprises five different products,…
