21Shares collaborates with ARK on digital asset ETF suite

ARK Invest, the investment management firm spearheaded by prominent Bitcoin advocate Cathie Wood, has teamed up with 21Shares, an exchange-traded product (ETP) provider, to introduce users to a suit that will give users exposure to Bitcoin and Ethereum futures contracts.

According to the Nov. 8 post on X, the initiative will offer investors a diverse range of options for incorporating digital assets into their trading portfolios, enhancing the accessibility and flexibility of cryptocurrency investments.

No direct investments into spot BTC

As outlined in the 21Shares website, a set of five products is slated to commence trading in the upcoming week, with these exchange-traded funds securing listings on the Chicago Board Options Exchange. 

Notably, the company clarified its position, emphasizing that it will not facilitate direct investment in spot BTC.

You might also like: ARK Invest and 21Shares refine Bitcoin ETF filing, hint at progress

In a disclaimer, the company advised investors seeking exposure to BTC’s price to explore alternative investment avenues.

A Bitcoin ETF still on the way

At the same time, ARK Invest and 21Shares have continued to work on their filing for a bitcoin exchange-traded fund, what experts in an Oct. 12 report suggest is a sign that both parties were working jointly with the SEC.

The ETF would provide exposure to the price of Bitcoin by tracking the performance of the S&P Bitcoin Index.

Read more: US SEC delays ARK 21Shares Bitcoin ETF ruling until January 2024

Follow Us on Google News

Comments

Post a Comment

Popular posts from this blog

BNP Paribas teams up with Bank of China to promote digital yuan usage

The partnership will enable BNP Paribas China's corporate clients to make payments using the digital yuan through an e-CNY management system. The French bank BNP Paribas is collaborating with the Bank of China (BOC) to promote China's digital currency, the digital yuan, to its corporate clients, the South China Morning Post reported.  The partnership will enable BNP Paribas China's corporate clients to connect with the BOC system, allowing users to manage their digital yuan wallets by linking them to their bank accounts, track transactions, and make payments using China's digital currency via an e-CNY management system. The e-CNY management system also promises to make it easier and more convenient for clients to use digital cash for real-time transactions. The e-CNY management system can facilitate “efficient, real-time and convenient [digital cash] practice,” BNP shared, according to The South China Morning Post.  BNP Paribas China also plans to explore the use...
Read more

VeChain Working With United Nations in Sustainability Campaign

Image
VeChain is launching a new sustainability campaign with the United Nations aiming towards the promotion of sustainability through the AWorld campaign. “We’ve just launched our Challenge Tournament in the AWorld app, the official platform in support of the United Nations ACTNOW sustainability campaign! We have some epic prizes for our eco-champions – are you ready to play?” the project tweeted. Source: Zipmex AWorld is the UN’s official platform supporting the ACTNOW campaign. The VeChain sustainability campaign pushing for individual actions on climate change and sustainability. Its partners include the University of Cambridge, the European Commission, BlackRock, Prada, and now, VeChain Also Read: VeChain : VET Secures Key US Patent For Blockchain Transactions The VeChain Blockchain network will reward participants for daily sustainability actions as part of the initiative. According to VeChain , all participants will receive an exclusive NFT, with one lucky winner rece...
Read more

5 New Countries To Join BRICS Alliance in August

Image
The next BRICS summit will be held in South Africa in August and the bloc of five nations will decide on expanding the alliance. It is reported that the BRICS expansion could occur in August making the alliance rebrand itself as BRICS+. Among the 25 countries that have applied to join the BRICS alliance, five could be allowed entry into the bloc. Their entry into the group is almost certain and the announcement of the expansion could be made at the summit. Also Read: BRICS: Saudi Arabia, Iran & Brazil Pay in Chinese Yuan, Ditch U.S. Dollar BRICS is an acronym for Brazil, Russia, India, China, and South Africa. The group is looking to take on the U.S. dollar by launching a new currency for global trade. BRICS: 5 New Countries To Join the Alliance in August Source: pakistantoday.com.pk Out of the 25 countries that formally sent their applications to join BRICS, only five could be inducted in August. The five countries likely to join the BRICS alliance are Saudi Arabia, the United Ara...
Read more