It has been more than two years since Cameron and Tyler Winklevoss filed plans for an exchange traded fund backed by holdings of bitcoin. That ETF has yet to come to market, but a previously existing ETF has added bitcoin to its holdings.
ARK Investment Management LLC, the New York-based issuer of four actively managed ETFs, said Tuesday investors can now access bitcoin through the ARK Web x.0 ETF (NYSE: ARKW). That makes ARKW the first ETF to invest in bitcoin.
“ARK has made its investment for ARK Web x.0 ETF through the purchase of publicly traded shares of Grayscale’s Bitcoin Investment Trust (OTCQX: GBTC),” according to a statement issued by ARK Investment Management.
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