1. BITBILIHome
  2. Article

Ark invest and 21SHARES: Pioneering Ethereum futures ETF

• 175 views

TL;DR Breakdown

  • ARK Invest and 21Shares have jointly proposed two Ethereum futures exchange-traded funds (ETFs).
  • The two ETFs are “ARK 21Shares Active Ethereum Futures ETF” (ARKZ), which will invest at least 25% in cash-settled Ethereum futures, and “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” (ARKY), encompassing both Bitcoin and Ethereum futures.
  • The move by ARK Invest and 21Shares highlights Ethereum’s growing influence in the financial world, especially with its DeFi capabilities and Ethereum 2.0 transition.

Description

The cryptocurrency landscape is evolving rapidly, with institutional interest in Ethereum gaining significant traction. Investment firms ARK Invest and 21Shares are leading the charge and have recently collaborated to propose two Ethereum futures exchange-traded funds (ETFs). This move comes from reports suggesting that the U.S. securities regulator might soon greenlight such applications. Let’s delve deeper … Read more

The cryptocurrency landscape is evolving rapidly, with institutional interest in Ethereum gaining significant traction. Investment firms ARK Invest and 21Shares are leading the charge and have recently collaborated to propose two Ethereum futures exchange-traded funds (ETFs). This move comes from reports suggesting that the U.S. securities regulator might soon greenlight such applications. Let’s delve deeper into this development and its implications for the crypto market.

Contents
hide

1
A new chapter in Ethereum investment

2
A history of collaboration and persistence

3
Ethereum’s growing influence

4
Conclusion

A new chapter in Ethereum investment

ARK Invest and 21Shares have jointly filed for two Ethereum futures ETFs, namely the “ARK 21Shares Active Ethereum Futures ETF” (ARKZ) and the “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” (ARKY). According to the filing with the Securities and Exchange Commission (SEC) on August 24, ARKZ aims to allocate 25% of its total assets in cash-settled Ethereum futures contracts. These contracts are similar to those traded on the renowned Chicago Mercantile Exchange (CME). In contrast, ARKY will encompass both Bitcoin and Ethereum futures contracts.

Empowered Funds has been designated as the investment advisor for these Ethereum-centric products, marking a significant step in broadening the investment avenues available for Ethereum enthusiasts.

A history of collaboration and persistence

This isn’t the first time ARK Invest and 21Shares have joined forces in the crypto domain. The two firms initially partnered in 2021 to introduce a spot Bitcoin ETF. However, their initial endeavors faced regulatory hurdles. The SEC rejected their first two attempts in March 2022 and January. Their latest Bitcoin spot ETF application was submitted in April, shortly before the financial giant BlackRock filed it.

Interestingly, the SEC has deemed many Bitcoin spot ETF applications as insufficient. This feedback led ARK 21Shares and other applicants to incorporate a surveillance-sharing agreement into their applications, showcasing their adaptability and commitment to meeting regulatory standards.

Furthermore, the outcomes for the “Ark 21Shares Active Bitcoin Futures ETF” (ARKA) and “Ark 21Shares Active On-Chain Bitcoin Strategy ETF” (ARKC) are also eagerly anticipated by the investment community.

Ethereum’s growing influence

Ethereum’s potential is increasingly being recognized in the financial world. Ethereum’s decentralized finance (DeFi) capabilities and its transition to Ethereum 2.0 are garnering attention. The recent move by ARK Invest and 21Shares further underscores Ethereum’s rising stature in the investment realm.

Conclusion

The collaboration between ARK Invest and 21Shares in proposing Ethereum futures ETFs is a testament to the growing institutional interest in cryptocurrency. As regulatory bodies like the SEC become more receptive to crypto-based financial products, the landscape is set to evolve further.

While the outcomes of these ETF applications remain to be seen, one thing is clear: the fusion of traditional finance and cryptocurrency is gaining momentum. As these worlds converge, investors can look forward to more investment opportunities, blending the best of both realms.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Ark invest and 21SHARES: Pioneering Ethereum futures ETF

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年8月25日 17:55
Next 2023年8月25日 20:08

Related articles

  • CME Group to launch Ether/Bitcoin ratio futures, expanding crypto offerings

    TL;DR Breakdown CME Group plans to launch Ether/Bitcoin Ratio futures on July 31, pending regulatory approval, expanding its cryptocurrency offerings. The futures contracts will be cash-settled and allow investors to capture exposure to ether and bitcoin in a single trade, regardless of directional views. The introduction of Ether/Bitcoin Ratio futures aims to capitalize on the evolving dynamics of the two assets, providing relative value trading opportunities and efficient hedging strategies for a broad array of clients. Description CME Group, the renowned derivatives exchange, has unveiled its plans to introduce Ether/Bitcoin (ETH/BTC) ratio futures, further expanding its cryptocurrency offerings. The launch of these innovative futures contracts is set for July 31, subject to regulatory approval. Building upon its success in the cryptocurrency market, CME Group has steadily broadened its digital asset portfolio over … Read more CME Group, the renowned derivatives exchange, has unveiled its plans to introduce Ether/Bitcoin (ETH/BTC) ratio futures, further expanding its cryptocurrency offerings. The launch of these innovative futures contracts is set for July 31, subject to regulatory approval. Efficiently capture the relative value of ether and…

    Article 2023年7月3日

  • G20 embraces FSB’s crypto recommendations amid increasing regulatory pressure

    TL;DR Breakdown The G20 has backed the Financial Stability Board’s (FSB) recommendations for crypto activities and global stablecoin regulations. The FSB’s rules serve global minimum standards for the growing crypto sector, emphasizing robust governance and risk management. The G20 recognized the potential of Central Bank Digital Currencies (CBDCs) in improving cross-border transactions. Description Nirmala Sitharaman, the Finance Minister of India and the current G20 president, announced on Tuesday that the Group of Twenty (G20) has endorsed the recommendations from the Financial Stability Board (FSB) concerning crypto asset activities and global stablecoin arrangements. This decisive nod from the G20 comes after an eventful year in the crypto sphere marked … Read more Nirmala Sitharaman, the Finance Minister of India and the current G20 president, announced on Tuesday that the Group of Twenty (G20) has endorsed the recommendations from the Financial Stability Board (FSB) concerning crypto asset activities and global stablecoin arrangements. This decisive nod from the G20 comes after an eventful year in the crypto sphere marked by scandals and allegations of misconduct, prompting the FSB to call for stricter regulations…

    Article 2023年7月19日

  • Chamber of Digital Commerce unveils the Digital Power Network

    TL;DR Breakdown The Digital Power Network is the latest affiliate of the Chamber of Digital Commerce. The coalition comprises significant players like Argo, BitDigital, and Hive, accounting for over 50% of the U.S. Bitcoin hash rate. Texas Congressman Pete Sessions played a crucial role in DPN’s inception, advocating for Bitcoin Mining’s impact on U.S. energy independence. Description In a recent report by Washington, the Digital Power Network (DPN) emerges as the newest affiliate of the Chamber of Digital Commerce. With roots deeply embedded in the Chamber’s Mining Initiative, this coalition is positioned to give cryptocurrency miners a distinctive voice in the nation’s capital. DPN is no fledgling venture, boasting an impressive inaugural … Read more In a recent report by Washington, the Digital Power Network (DPN) emerges as the newest affiliate of the Chamber of Digital Commerce. With roots deeply embedded in the Chamber’s Mining Initiative, this coalition is positioned to give cryptocurrency miners a distinctive voice in the nation’s capital. DPN is no fledgling venture, boasting an impressive inaugural roster. It’s making waves with members such as Argo, BitDigital,…

    Article 2023年9月20日

  • Crypto wallet maker Ledger launches controversial recovery service amid backlash

    TL;DR Breakdown Ledger, a leading crypto wallet maker, has launched a controversial recovery service, Ledger Recover, which secures user seed phrases but requires users to provide a government-issued ID. The crypto community has reacted strongly, arguing the service undermines the purpose of hardware wallets and infringes on privacy principles, particularly in light of Ledger’s previous security breach. Despite the backlash, Ledger’s leadership defends the service, claiming it’s an optional, secure measure and a necessary step to attract new crypto users. The modern-day debate between privacy and convenience has found its way into cryptocurrency. Ledger, the Paris-based producer of hardware wallets at the heart of the dispute, offers cryptocurrency holders the highest level of security. A new feature introduced by Ledger, known as “Ledger Recover,” has sparked a significant backlash, fueling a broader discussion about the future of crypto security. Exciting update, Ledger has a new product, Ledger Recover, that’s launching soon: https://t.co/nT1VHnnSYz 🧵Here’s what Ledger Recover is and what it isn’t, explained by @P3b7_ & in the thread below. pic.twitter.com/RW1w07H6pK — Ledger (@Ledger) May 16, 2023 The innovation: Ledger’s response…

    Article 2023年5月17日

  • Coinbase asks for dismissal of SEC lawsuit, says tokens are not investment contracts

    TL;DR Breakdown Coinbase has filed papers asking the New York federal court to dismiss its lawsuit from the SEC, accusing the exchange of offering unregistered securities Coinbase argues that tokens are not investment contracts SEC has offered inadequate guidance on cryptos Description Coinbase, a U.S. crypto exchange, has filed papers asking the New York federal court to dismiss its lawsuit from the Securities and Exchange Commission(SEC). While the SEC accused the exchange of offering unregistered securities, Coinbase argues that the digital assets listed on its platform are not subject to the regulator’s jurisdiction in its 177-page response … Read more Coinbase, a U.S. crypto exchange, has filed papers asking the New York federal court to dismiss its lawsuit from the Securities and Exchange Commission(SEC). While the SEC accused the exchange of offering unregistered securities, Coinbase argues that the digital assets listed on its platform are not subject to the regulator’s jurisdiction in its 177-page response to the SEC lawsuit. Coinbase says tokens are not investment contracts In early June, the SEC filed a lawsuit against Coinbase, saying that a dozen…

    Article 2023年7月2日
TOP