Ark Invest and 21Shares have partnered to offer new investment options in the two largest cryptocurrencies on the market: Bitcoin and Ethereum.
The collaboration between fund managers Ark Invest and 21Shares will give life to five new exchange-traded funds, based on Bitcoin and Ethereum futures, which will be listed on the largest options market in the United States, the Chicago Board Options Exchange (CBOE), starting tomorrow.
According to Ophelia Snyder, co-founder of 21Shares, none of these investment funds will offer direct exposure to Bitcoin or Ethereum, as they track futures contracts based on these cryptocurrencies.
However, as a representative of 21Shares, Snyder stressed that these funds aim to “provide long-term capital appreciation through strategic investments in Bitcoin and Ethereum futures contracts, and the application of blockchain technologies.”
On Social Network X, Snyder announced that the launch of the new suite of cryptocurrency-listed investment products from Ark Invest and 21Shares would be available starting this month. Tuesday, November 14.
The launch of these investment products comes at a time when investors are anxiously awaiting the approval of a Bitcoin Spot ETF, so analysts believe that interest in the new futures ETFs from Ark Invest and 21Shares may be low.
Ark Invest and 21Shares offer new avenues for access to cryptocurrencies
The suite of investment products offered by Ark Invest and 21Shares to their investors includes two exchange-traded funds that track Bitcoin and Ethereum futures contracts, respectively, as well as two investment funds that combine Bitcoin futures contracts with cash equivalents and Bitcoin futures contracts with shares of public companies related to the cryptocurrency and blockchain technology sector. Finally, there is an investment fund that combines Bitcoin and Ethereum futures contracts in a single product.
These products, the “ARK 21Shares Active Bitcoin Futures Strategy ETF”, the “ARK 21Shares Active Ethereum Futures Strategy ETF”, the “ARK 21Shares Active On-Chain Bitcoin Strategy ETF”, the “ARK 21Shares Blockchain and Digital Economy Innovation ETF” and the “ARK 21Shares Active Bitcoin Ethereum Strategy ETF”, will trade on the Chicago Board of Trade under the tickers ARKA, ARKZ, ARKC, ARKD and ARKY, respectively.
Both Ark Invest and 21Shares they presented these new investment funds at the end of August, as a significant advance in digital asset investment.
Snyder also highlighted that while several ETFs based on Bitcoin and Ethereum futures have already been approved on the market, its new investment products are aimed at both crypto enthusiasts and natives, as well as curious investors, who are interested in gaining exposure to this new digital asset class. Therefore, according to Blockworks, the aforementioned ETFs cover “both the traditional finance and DeFi landscapes” and offer several entry paths that investors can choose from when deciding how to enter the crypto and blockchain sector.
But in addition to these crypto futures ETFs, Ark Invest and 21Shares are also on the list of managers awaiting approval from the US Securities and Exchange Commission (SEC) to launch a Bitcoin spot ETF on the market.
Continue reading: When will a Bitcoin ETF be approved?
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