Cathie Wood’s Ark, 21Shares Team Up on Bitcoin Futures ETF Application to SEC

The filing was submitted by Alpha Architect ETF Trust with 21Shares listed as the fund’s sub-adviser.

AccessTimeIconOct 14, 2021 at 8:12 a.m. UTC
Updated Oct 14, 2021 at 9:07 p.m. UTC

Jamie Crawley is a CoinDesk news reporter based in London.

Noted investor Cathie Wood’s Ark Investment Management and investment-product firm 21Shares are part of a new application to the U.S Securities and Exchange Commission (SEC) to list a bitcoin futures exchange-traded fund (ETF).

  • The Wednesday filing was submitted by Alpha Architect ETF Trust, with 21Shares listed as the fund’s sub-adviser.
  • Ark Investment will provide marketing support, but not make investment decisions or provide investment advice, the filing said.
  • If the application is successful, the ARK 21Shares Bitcoin Futures Strategy ETF will list on the Cboe BZX Exchange under the ticker symbol “ARKA.”
  • Ark and 21Shares previously joined the race to get a bitcoin ETF approved, filing with the SEC to list the ARK 21Shares Bitcoin ETF in June.
  • Because the SEC hasn’t approve any spot bitcoin ETFs, attention has turned to funds that invest in the bitcoin futures market, a kind of ETF that SEC Chairman Gary Gensler has suggested would have a greater chance of winning approval.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC