{"id":82400,"date":"2023-11-09T02:18:43","date_gmt":"2023-11-09T07:18:43","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/ark-invest-and-21shares-to-launch-digital-asset-etf-suite\/"},"modified":"2023-11-09T02:18:47","modified_gmt":"2023-11-09T07:18:47","slug":"ark-invest-and-21shares-to-launch-digital-asset-etf-suite","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=82400","title":{"rendered":"Ark Invest and 21Shares to Launch Digital Asset ETF Suite"},"content":{"rendered":"<div>\n<figure id=\"attachment_128911\" aria-describedby=\"caption-attachment-128911\" style=\"width: 1600px\" class=\"wp-caption aligncenter\"><noscript><\/noscript><figcaption id=\"caption-attachment-128911\" class=\"wp-caption-text\">Source: 21Shares<\/figcaption><\/figure>\n<p>Cathie Wood\u2019s Ark Invest, in partnership with 21Shares, is launching a suite of digital asset ETFs, focusing on Bitcoin and Ethereum futures and blockchain technology.<\/p>\n<p>The suite comprises five ETFs, including ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) and ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ), intend to blend investments in futures contracts with stakes in companies active in the blockchain industry.<\/p>\n<p>These ETFs, aimed to \u201cdeliver long-term capital appreciation through strategic investments\u201d, will list on the Chicago Board Options Exchange (CBOE) and are tailored for investors looking to integrate digital assets into their portfolios. However, according to 21Shares, \u201cneither the Funds nor the Underlying ETF invest directly in bitcoin or other digital assets, or maintain direct exposure to \u2018spot\u2019 bitcoin.\u201d<\/p>\n<p>21Shares claimed to be the \u201cworld\u2019s largest issuer of crypto exchange products (ETPs).\u201d The company has attracted over $1 billion assets under management (AUM), despite that ETPs issued by 21Shares AG are not available in the United States.<\/p>\n<p>Ark Invest currently has six active ETFs available in the U.S., three of which are listed on CBOE.<\/p>\n<h2>Ark Invest Buys Block Inc. Shares, Sells Grayscale Bitcoin Trust Shares<\/h2>\n<p><span class=\"replacer\"><\/span><br \/>Ark Invest, led by Cathie Wood, recently adjusted its portfolio by buying shares in Jack Dorsey\u2019s Block Inc and selling portions of its Grayscale Bitcoin Trust holdings.<\/p>\n<p>Ark\u2019s purchase, involving its flagship ARK Innovation ETF, ARK Next Generation Internet ETF, and Ark Fintech Innovation ETF, <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/ArkkDaily\/status\/1721696152439902546\">purchased 113,326 shares of Block Inc.<\/a> with a worth of $5.61 million. The transaction was based on Block\u2019s closing price of $49.52 on Nov. 6.<\/p>\n<p>Meanwhile, Ark Invest reduced its investment in the Grayscale Bitcoin Trust on the same day, offloading shares worth $3.76 million with Grayscale closed at $26.95. In addition, Ark Next Generation Internet ETF (ARKW) just sold $1.34 million of GBTC.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Cathie Wood and Ark Invest&#8217;s trade activity from today 11\/8 <a rel=\"nofollow\" href=\"https:\/\/t.co\/5pTPIpIhVn\">pic.twitter.com\/5pTPIpIhVn<\/a><\/p>\n<p>\u2014 Ark Invest Daily (@ArkkDaily) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/ArkkDaily\/status\/1722420518190456950?ref_src=twsrc%5Etfw\">November 9, 2023<\/a><\/p>\n<\/blockquote>\n<p>Cathie Wood has consistently expressed her interest and confidence in crypto and bitcoin. In Nov. 2022 in a Bloomberg interview, Wood restated her prediction of bitcoin price to reach $1 million by the end of this decade.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/ark-invest-and-21shares-to-launch-digital-asset-etf-suite.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: 21Shares Cathie Wood\u2019s Ark Invest, in partnership with 21Shares, is launching a suite of digital asset ETFs, focusing on Bitcoin and Ethereum futures and blockchain technology. The suite comprises five ETFs, including ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) and ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ), intend to blend investments in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":82401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-82400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ark Invest and 21Shares to Launch Digital Asset ETF Suite | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: 21Shares Cathie Wood\u2019s Ark Invest, in partnership with 21Shares, is launching a suite of digital asset ETFs, focusing on Bitcoin and Ethereum\" \/>\n<meta name=\"robots\" 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