Ark Invest To Launch New Bitcoin Futures Contract With 21Shares Collaboration
Key Points:
- Ark Invest and 21Shares collaborate to launch ETFs, including Ethereum and Bitcoin futures contracts, and blockchain investments.
- These ETFs aim to provide exposure to digital assets and long-term capital appreciation through strategic investments.
Ark Invest and 21Shares collaborate to launch new ETFs which include Ethereum and Bitcoin futures contracts and blockchain investments, providing investors exposure to digital assets.
These ETFs aim to provide investors with exposure to digital assets in their portfolios. The suite of ETFs will leverage onchain signals and crypto-native experience to deliver long-term capital appreciation through strategic investments in futures contracts and the application of blockchain technologies.
The ETFs will be listed on the Chicago Board Options Exchange (Cboe) and are set to begin trading next week. In addition to Bitcoin and Ethereum futures contracts, one of the products will include investments in public equities of companies engaged in the blockchain industry.
However, these funds do not directly invest in Bitcoin or other digital assets, nor do they maintain direct exposure to spot Bitcoin. Ark Invest emphasizes that investors seeking direct exposure to the price of Bitcoin should consider other investment options.
Launch of ETFs by Ark Invest and 21Shares
The launch of these ETFs by Ark Invest and 21Shares comes at a time when there is anticipation in both the traditional finance and crypto worlds for the approval of spot Bitcoin ETFs. While the Securities and Exchange Commission (SEC) has approved funds that invest in Bitcoin futures, the approval of a spot fund is still pending.
The market is eagerly awaiting the decision on spot Bitcoin ETFs pursued by major players such as Fidelity, Grayscale, and BlackRock. The expectation of a spot Bitcoin ETF approval has contributed to the rise in the price of Bitcoin.
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