BTC bull? 12 ETF funds application waiting for SEC approval - Exchange-trade fund provider 21Shares has filed with the SEC to create a bitcoin ETF, which will be marketed by Cathie Wood's Ark Invest.
- The ARK 21Shares Bitcoin ETF will track the S&P Bitcoin index and trade on the Cboe BZX Exchange under the ticker ARKB.
- The proposed bitcoin ETF joins more than a dozen other applications waiting for approval from the SEC.
https://markets.businessinsider.com/currencies/news/cathie-wood-ark-21shares-bitcoin-etf-arkb-files-sp-index-2021-6-1030560609
Ark Invest - the firm run by star stock picker Cathie Wood - has partnered with exchange-traded fund provider 21Shares to to create a bitcoin exchange-traded fund, according to a filing with the Securities and Exchange Commission.
The ARK 21Shares Bitcoin ETF will track the S&P Bitcoin index and trade on the Cboe BZX Exchange under the ticker ARKB. Its investment objective is quite simple: track the price of bitcoin.
A prominent bitcoin bull, Wood has been loading up on bitcoin-related investments such as Grayscale Bitcoin Trust and Coinbase Global over the last few months.
The proposed bitcoin ETF joins a long list of over a dozen applications waiting for approval from the SEC. The agency for its part has recently postponed another decision to approve a bitcoin ETF.