ARK Invest, led by Cathie Wood, has entered the Bitcoin ETF race.

June 29, 2021

103940889-Photo_Aug_18_1_13_31_PM

Cathie Wood’s investment management firm, ARK Invest, has filed for a Bitcoin ETF.

 

The Ark21Shares ETF (exchange-traded fund) is the latest in a long line of crypto ETF applications that have yet to be approved by the Securities and Exchange Commission, despite the industry’s best efforts.

 

Kryptoin, WisdomTree, Fidelity, VanEck, and Anthony Scaramucci’s Skybridge Capital have all registered for Bitcoin ETFs with the SEC; WisdomTree and VanEck have also filed for Ethereum ETFs.

 

The planned Bitcoin ETF from ARK Invest would be traded on Cboe’s BZX Exchange.

 

Wood has previously made pro-Bitcoin sentiments. ARK has made investments in Coinbase and the Grayscale Bitcoin Trust under her leadership.

 

 

Give a look at:-Andreessen Horowitz leads a $12 million round of funding for Nansen.

Exclusively hand curated news, written precisely in short by our editors for a 60 seconds read! We understand that reading multiple news from various resources could be monotonous, time consuming and less interesting. At Dcryptonews, you will experience a new style of reading news with smart keyword, ease of language that is easy to read for a quick news grasp.

 

Leave a Reply

Your email address will not be published.