Summary
- ARK Invest said it submitted S-1 registration statements to the Securities and Exchange Commission (SEC) for two index-based exchange-traded funds (ETFs) that invest across the broader digital-asset market.
- It said both products are based on the CoinDesk 20 index, with the difference that one includes Bitcoin while the other excludes Bitcoin.
- It said the ETFs do not directly hold digital assets, measuring performance via futures contracts linked to the CoinDesk 20 index.
U.S. asset manager ARK Invest appears to be expanding its lineup of products tied to digital assets (cryptocurrencies).
According to CoinDoo on the 24th (KST), ARK Invest submitted S-1 registration statements to the Securities and Exchange Commission (SEC) for two index-based exchange-traded funds (ETFs) that invest across the broader digital-asset market.
Both products are based on the CoinDesk 20 index, but one includes Bitcoin while the other excludes it.
The Bitcoin-inclusive ETF holds major large-cap digital assets such as Ethereum (ETH), Solana (SOL), XRP (XRP) and Cardano (ADA), while the Bitcoin-excluding ETF is structured around altcoins.
This is interpreted as a strategy in which ARK Invest views Bitcoin as a standalone investment asset distinct from other digital assets and seeks to split choices based on investors’ preferences.
The ETFs do not directly hold digital assets; instead, they track performance through futures contracts linked to the CoinDesk 20 index.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
