Ark Invest partners with 21Share to launch new set of digital asset ETFs

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New ETFs from Ark Invest and 21Share launched, both the traditional finance and cryptocurrency worlds are eagerly awaiting the SEC’s decision on the spot Bitcoin ETF.

According to the announcement, the new ETF will utilize on-chain signals and aims to generate long-term income through strategic investments in public stocks of companies involved in the blockchain industry, technological applications of blockchain technology, and Bitcoin and Ethereum futures contracts.

New ETFs A total of five products from Ark Invest and 21Share will begin trading and be listed on the Chicago Board of Trade and the Chicago Board Options Exchange next week.

Ark Investment emphasizes: “Neither these funds nor the underlying ETFs directly invest in Bitcoin, digital assets, or Bitcoin spot prices. Investors who wish to have direct exposure to Bitcoin prices should consider investments other than funds.”

Notably, Ark Invest launches the new ETF as both the traditional finance and cryptocurrency worlds eagerly await the SEC’s decision on the Bitcoin ETF Spot Fund. Bitcoin prices rose on expectations that a spot Bitcoin ETF would be approved soon.

In particular, the SEC will make decisions on three ETF funds, Global X, Hashdex and Franklin, in November this year. The specific deadlines are November 17, 2023 and November 21, 2023. The SEC is expected to continue to delay approval of these three funds.

As for the ARK 21Shares ETF’s expiration date of November 11, 2023, the SEC announced in advance that it would be postponed to 2024.

However, while these three funds are not as large as BlackRock or Grayscale, they can still move the price of Bitcoin.

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