ARK, 21Shares Team Up for Bitcoin Futures ETF Application to SEC

Cathie Wood’s ARK Investment Management and investment-product agency 21Shares are a part of a brand new utility to the U.S Securities and Exchange Commission (SEC) to listing a bitcoin futures exchange-traded fund (ETF).

The Wednesday submitting was submitted by Alpha Architect ETF Trust, with 21Shares listed because the fund’s sub-adviser.ARK Investment will present advertising assist, however not make funding selections or present funding recommendation, the submitting stated.If the applying is profitable, the ARK 21Shares Bitcoin Futures Strategy ETF will listing on the Cboe BZX Exchange beneath the ticker image “ARKA.”ARK and 21Shares beforehand joined the race to get a bitcoin ETF authorised, submitting with the SEC to listing the “ARK 21Shares Bitcoin ETF” in June.With no ETF immediately investing in bitcoin but authorised by the US market regulator regardless of over a dozen functions this yr alone, consideration has been drawn to funds that put money into the bitcoin futures market, one thing SEC Chair Gary Gensler has prompt would have a higher probability of successful approval.

Read extra: What Is a Bitcoin Futures ETF?

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