ARK Invest Teams Up with 21Shares to Launch Innovative Series of Digital Asset ETFs

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ARK Invest, led by prominent Bitcoin supporter Cathie Wood, is collaborating with 21Shares, an exchange-traded products (ETPs) provider, to introduce a new series of digital asset exchange-traded funds (ETFs). The partnership aims to offer more investment options for those looking to integrate digital assets into their portfolios. The ETFs will utilize on-chain signals for investment strategies, focusing on long-term capital appreciation. The suite includes ETFs based on Bitcoin and Ether futures contracts, with an additional product, the ARK 21Shares Blockchain and Digital Economy Innovation ETF, providing exposure to companies in the blockchain industry. These ETFs will begin trading on the Chicago Board Options Exchange (CBOE) in the coming week. Importantly, these new funds won’t provide direct investment in spot Bitcoin.

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