Coinspeaker
Ark Invest Partners with 21Shares to Launch New Crypto ETFs Suite
Preparations are in top gear as Cathie Wood’s Ark Invest is moments away from launching a new “suite” of exchange-traded funds (ETFs). In line with this ambition, the asset management company has partnered with the world’s largest crypto ETP issuer 21Shares.
According to Ark Invest, the suite will open up an array of options to investors who are looking to diversify their portfolios. 21Shares also shares similar sentiments with Ark Invest about the upcoming suite, which it says will enable clients to carry out strategic investments. The firm’s statement reads:
“The suite aims to deliver long-term capital appreciation through strategic investments in Bitcoin and Ethereum futures contracts, and the application of blockchain technologies.”
Company prospectuses reveal that the suite is made up of five products, and will begin trading on the Chicago Board Options Exchange (Cboe) next week.
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