Cathie Wood’s ARK Files for Two CoinDesk 20 Crypto ETFs on NYSE Arca
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ARK Invest has filed S-1 registration statements for two new crypto ETFs tracking the CoinDesk 20 Index, set to trade on NYSE Arca. One ETF includes Bitcoin and altcoins, while the other focuses exclusively on altcoins. XRP has a nearly 20% allocation in the ARK CoinDesk 20 ETF, with investments primarily through futures contracts.
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- ARK Invest files S-1 for two CoinDesk 20 crypto ETFs, including one excluding Bitcoin.
- XRP receives nearly 20% allocation in the ARK CoinDesk 20 Crypto ETF.
- Both ETFs invest via futures contracts and will list on NYSE Arca.
Cathie Wood’s ARK Invest filed S-1 registration statements on January 23 for two crypto ETFs tracking the CoinDesk 20 Index. One fund provides exposure to Bitcoin alongside altcoins like Litecoin, while the other focuses on altcoins and excludes Bitcoin. Both ETFs will trade on NYSE Arca and primarily invest through futures contracts.
ARK’s New Crypto ETFs
ARK Invest’s filings cover the ARK CoinDesk 20 Crypto ETF and the ARK CoinDesk 20 ex-Bitcoin Crypto ETF. Both are designed to mirror the daily performance of the CoinDesk 20 Index, which includes 20 major cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and …
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In This News
Coins
$ 64.35K
+0.81%$ 1.83K
+1.91%$ 1.11
+0.84%$ 45.41
+1.94%$ 0.110
+1.82%Funds
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