In an exciting announcement, investment management firm ARK Invest, led by renowned Bitcoin advocate Cathie Wood, has teamed up with exchange-traded products (ETP) provider 21Shares to launch a promising new series of exchange-traded funds. on the stock exchange (ETF) focused on digital assets.
This move aims to provide investors with a variety of options to incorporate digital assets into their investment portfolios, marking a major milestone in the adoption of cryptocurrencies in the traditional financial space.
What makes these ETFs particularly interesting is the combination of crypto-native perspectives and traditional valuation methods.
In other words, ARK Invest and 21Shares will use on-chain signals and their vast cryptocurrency experience to seek long-term capital appreciation by investing in Bitcoin and Ethereum futures contracts.
These futures contracts allow investors to speculate on the price movements of Bitcoin and Ethereum without the need to directly own these assets.
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Each of these ETFs will focus on different aspects of the digital asset market.
In addition to Bitcoin and Ethereum futures, a notable product is the ARK 21Shares Blockchain and Digital Economy Innovation ETF, designed to invest in public stocks of companies operating in the blockchain industry.
This will provide investors with “holistic exposure” to the growth of blockchain technology and the opportunities it offers.
It is important to note that these ETFs will not offer investors the possibility of investing directly in Bitcoin spot, which means that they will not be able to physically own the cryptocurrency.
However, this collaboration represents a significant step in the direction of allowing traditional investors to participate in the exciting world of cryptocurrencies.
Furthermore, the announcement coincides with speculation from Bloomberg analysts, who suggest that the United States Securities and Exchange Commission (SEC) could be evaluating the approval of Bitcoin ETF filings in the near future, which could further drive plus the adoption of cryptocurrencies in the conventional financial market.
Although this possibility is not yet confirmed, the news is under active development.
