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

Qubetics, Cosmos, and Chainlink: Why These Cryptos Are Your Best Bet for November 2024

Discover why Qubetics, Cosmos, and Chainlink are the best cryptos to buy in November 2024.…

53 minutes ago

Best Cryptos to Buy in December 2024: Qubetics Presale Goes Ballistic as Ethereum and Quant Look to Build Momentum

Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…

4 hours ago

USDC and CCTP to launch on Aptos, with Stripe adding Aptos support in crypto products

Palo Alto, California, 21st November 2024, Chainwire

6 hours ago

Best Cryptos to Buy: Qubetics Set to Rise, Bitcoin Knocks at $100k Milestone, Avalanche to Release 1.67M Tokens

Best Cryptos to Buy: Qubetics presale rockets ahead, Bitcoin nears $100k, and Avalanche prepares to…

6 hours ago

Ike Goes Live on Mainnet: Unlocking Liquid Staking on Aleph Zero

London, United Kingdom, 21st November 2024, Chainwire

7 hours ago

Native USDC on Aptos Coming Soon to Boost DeFi and P2P Transactions

The move will see developers utilize USDC on Aptos in creating dApps on a wide…

7 hours ago

This website uses cookies.