Empowered Funds, a subsidiary of Alpha Architech operating under the EA Advisors brand, has recently filed an application to list three Bitcoin Futures Exchange Traded Fund (ETF) products. According to a report from the Financial Times, this ETF stands out as it will incorporate strategies from related products offered by Ark Invest and 21Shares.
While Empowered Funds will act as the primary adviser for the funds, 21Shares and Ark Invest will serve as sub-adviser and sub-subadviser, respectively. The primary product, named the “Ark 21Shares Active On-Chain Bitcoin Strategy ETF,” will allocate up to 25% of its capital to digital assets and blockchain strategy ETF trading on the Chicago Mercantile Exchange.