Empowered Funds Bitcoin futures ETF

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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.

ETF Newz Says:

Despite the emergence of Bitcoin and Ethereum futures ETFs in the market, investors have been eagerly anticipating a full-fledged Bitcoin spot ETF. However, the United States Securities and Exchange Commission (SEC) has indicated that its decision on applications from major players like BlackRock will not be made until next year. Despite the potential wait, stakeholders remain hopeful that such a product might eventually receive approval for listing in the coming months.

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