http://jaberwalk.victoryc.hop.clickbank.net/
Investment firms ARK Invest and 21Shares have teamed up to apply for two Ethereum (
$2,311.78 ) futures exchange-traded funds after reports emerged last week that the United States securities regulator could soon begin approving applications.
The two proposed Ethereum ( $2,311.78 ) futures ETFs are “ARK 21Shares Active Ethereum ( $2,311.78 ) Futures ETF” (ARKZ) and the “ARK 21Shares Active Bitcoin (
$78,544.00 ) Ethereum ( $2,311.78 ) Strategy ETF” (ARKY), according to an Aug. 24 filing to the Securities and Exchange Commission.
The filing states that ARKZ would invest at least 25% of its total assets in cash-settled Ethereum ( $2,311.78 ) futures contracts, such as those traded on the Chicago Mercantile Exchange (CME).
ARK 21Share has filed two more Bitcoin ( $78,544.00 ) / Ethereum ( $2,311.78 ) ETF applications to the SEC. Source: SEC.
ARKY, on the other hand, will consist of both Bitcoin ( $78,544.00 ) and Ethereum ( $2,311.78 ) futures contracts.
Empowered Funds has been assigned as investment advisor for the two Ethereum ( $2,311.78 ) products.
Related: BlackRock applies for spot Bitcoin ( $78,544.00 ) ETF — a US first if approved
Ark Invest and 21Shares first partnered to launch a spot Bitcoin ( $78,544.00 ) ETF in 2021.
The SEC knocked back its first two attempts in March 2022 and January. Its most recent Bitcoin ( $78,544.00 ) spot ETF application was filed in April — about two months before $10 trillion firm BlackRock put in its own application.
However, the SEC recently labeled many of the Bitcoin ( $78,544.00 ) spot ETF applications as inadequate, which prompted ARK 21Shares and other applicants to add in a surveillance sharing agreement to their applications.
The investment firms are also awaiting the outcomes of Ark 21Shares Active Bitcoin ( $78,544.00 ) Futures ETF (ARKA) and Ark 21Shares Active On-Chain Bitcoin ( $78,544.00 ) Strategy ETF (ARKC),
Magazine: DeFi Dad, Hall of Flame: Ethereum ( $2,311.78 ) is ‘woefully undervalued’ but growing more powerful
