News

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.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

Recent Posts

Buyers Rush to Maximise Gains with BlockDAG’s 100% Bonus Offer; Plus, ETH Holds Strong as Solana Challenges Rivals

Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…

1 hour ago

Thai Police Corruption Case Involving Officers and Extortion

Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…

4 hours ago

SafePal Telegram Wallet Launches with Swiss Bank Accounts and CeDeFi

SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…

5 hours ago

Sheetz Crypto Payments Now Accepted at Over 750 US Locations

Sheetz crypto payments: 750+ US stores now accept Bitcoin, Ethereum, and more, rewarding customers through…

5 hours ago

Zhu Su Wife Sells Singapore Mansion for $38 Million

Zhu Su’s wife sells Singapore mansion for $38.5 million amid heightened financial scrutiny on Three…

6 hours ago

Bitcoin Spot ETF Outflows Hit $54.9M, First Decline in 7 Days

Bitcoin Spot ETF Outflows Hit $54.9M on Nov 1, marking the first decline in a…

8 hours ago

This website uses cookies.