ARK Invest doubles his efforts to offer a Bitcoin futures ETF

Von Krypto News Österreich

Ark Invest, who founded by the cryptocurrency enthusiast Cathie Wood, wants to accelerate its crypto strategy and has now officially gave its name to an ETF that traces Bitcoin futures.

A Bitcoin Future is not the same as a Bitcoin token. Anyone who keeps futures contracts does not really have the cryptocurrency, but right to a pact between the parties to buy an asset in the future at a certain price in the present.

Ark Invest, 21Shares US and Alpha Architect work together to breathe life into a Bitcoin Futures ETF

according to Bloomberg , ARK Invest joins the race of the institutions with applications for a cryptocurrency ETF. The Ark 21shares Bitcoin Futures Strategy ETF, ticker Arka, will invest in Bitcoin futures and not in the cryptocurrency itself, which could facilitate its approval, provided Gary Gensler's last words on this topic.

futures markets tend to be more volatile, but have the advantage that the participants do not have to secure the assets, which is a financial and regulatory advantage, since the rules are clearer, since every futures contract is undoubtedly regulated by the CFTC.

Bloomberg announced that three institutes are involved in this ETF:

Alpha Architect, a white label issuer of ETFs, submitted the application, while 21Shares US LLC-a subsidiary of 21Shares AG, based in Zug, Switzerland-is listed as an under consultant. ARK Investment Management has agreed to provide the under consultant for marketing support.

accelerate in its crypto strategy

According to the SEC, the ARK Next Generation Internet ETF (Arkw) can now Invest in Canadian crypto ETFS and the Grayscale Bitcoin Investment Trust ("GBTC"). The latter is not an ETF itself, but is a product regulated in the USA that enables indirect commitment to the Bitcoin price by bought parts of a trust that holds large amounts of BTC (approx. 3% of all currently in circulation).

cryptocurrency is an emerging asset class. There are thousands of cryptocurrencies, the best known Bitcoin. The fund can have an indirect commitment in Bitcoin through an investment in the Bitcoin Investment Trust ("GBTC"), a privately offered, open investment vehicle that invests in Bitcoin, or other pooled investment vehicles that invest in Bitcoin. traded funds that are based in Canada and approved for trade ("Canadian Bitcoin ETFS").

The fund also has an engagement in companies with considerable investments in Bitcoin or otherwise in the cryptocurrency industry. The ETF is investing in shares of Coinbase-the first regulated public crypto exchange in the USA, Tesla-a company of the crypto enthusiast Elon Musk with 42,000 Bitcoin in his possession-and Square-the crypto-friendly payment processor, which was founded by Bitcoin Maximalist and Twitter-co-founder Jack Dorsey, the more than 8,000 BTC holds.

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