1. BITBILIHome
  2. Article

Ark invest and 21SHARES: Pioneering Ethereum futures ETF

• 201 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

  • Former FTX CEO agrees to ‘gag order’

    TL;DR Breakdown Sam Bankman-Fried, the former CEO of FTX, has accepted a “gag order” preventing him from making comments that could interfere with his trial. The defense lawyers are seeking equal treatment and want the same gag order to be applied to all parties and potential witnesses involved in the criminal trial. Description Sam Bankman-Fried, the former CEO of FTX, has accepted a “gag order” preventing him from making comments that could interfere with his trial. The order was requested by the U.S. government on July 20 after they accused Bankman-Fried of attempting to discredit a former business partner and witness, Caroline Ellison, in an interview with the … Read more Sam Bankman-Fried, the former CEO of FTX, has accepted a “gag order” preventing him from making comments that could interfere with his trial. The order was requested by the U.S. government on July 20 after they accused Bankman-Fried of attempting to discredit a former business partner and witness, Caroline Ellison, in an interview with the New York Times. In a letter dated July 22, Bankman-Fried’s lawyers from Cohen &…

    Article 2023年7月24日

  • Coinbase’s 4% USDC rewards shake up the market amid SEC charges

    TL;DR Breakdown Coinbase introduces 4% USDC rewards, doubling profit potential for users. SEC charges against Coinbase allege illegal securities offers. Amid regulatory scrutiny, Coinbase clarifies that users cannot stake USDC. In a move aimed at attracting more users and bolstering its position in the market, popular cryptocurrency exchange Coinbase announced on June 15th that it is now offering a special 4% incentive on USD Coin (USDC) holdings. This substantial reward increase comes as a significant upgrade from the previous rate of 2%, effectively doubling the profit potential for USDC users. Coinbase, known for its innovative services and products, has emphasized its ability to modify its rewards structure according to market conditions. While the new 4% incentive rate has been made available to users within their accounts, the latest edition of the company’s public USDC website has yet to reflect this change. However, Coinbase’s recent success with its USDC rewards program has been challenging. The Securities and Exchange Commission (SEC) recently filed charges against the company, accusing it of engaging in illegal securities offers across various areas of its operations. One…

    Article 2023年6月18日

  • India inches closer to finalizing cryptocurrency regulations after G20 summit

    TL;DR Breakdown India is close to finalizing its cryptocurrency regulations, with a decision expected in the coming months, following discussions at the G20 summit. The country is considering its own legislation, moving away from a previously proposed ban by the Reserve Bank of India, and has already implemented anti-money laundering and tax rules for cryptocurrencies. The G20’s risk assessment framework will heavily influence India’s final stance, and the decision is anticipated to have both domestic and global implications, potentially serving as a regulatory model for other countries. Description India is nearing a pivotal decision on cryptocurrency regulations, following extensive discussions at the recent G20 summit. Ajay Seth, Secretary of the Department of Economic Affairs, announced that the country would finalize its stance in the coming months. This development comes on the heels of a G20-endorsed framework for assessing cryptocurrency risks, which has been … Read more India is nearing a pivotal decision on cryptocurrency regulations, following extensive discussions at the recent G20 summit. Ajay Seth, Secretary of the Department of Economic Affairs, announced that the country would finalize its stance…

    Article 2023年9月12日

  • Kentucky regulators reject subsidy for crypto mining firm: Here’s why

    TL;DR Breakdown Kentucky’s state utility regulator denied Ebon International’s proposal for a discounted energy rate for its planned 100-megawatt cryptocurrency mining facility in Louisa, Kentucky. Environmental organizations like Greenpeace and Earthjustice applauded the decision, citing concerns about the facility’s potential impact on climate change and the burden on average energy consumers. Description Kentucky’s Public Service Commission recently rejected a proposal that would have granted Ebon International, a mining firm, a discounted rate on electricity for its planned crypto-mining facility in Louisa, Kentucky. The decision came as a significant blow to Ebon International, which had planned a $50 million investment in a 100-megawatt mining operation, with an option … Read more Kentucky’s Public Service Commission recently rejected a proposal that would have granted Ebon International, a mining firm, a discounted rate on electricity for its planned crypto-mining facility in Louisa, Kentucky. The decision came as a significant blow to Ebon International, which had planned a $50 million investment in a 100-megawatt mining operation, with an option to increase the load to 250 MW by 2024. The environmental and economic implications The…

    Article 2023年9月3日

  • How China’s central bank is boosting liquidity

    TL;DR Breakdown China’s central bank and joint-stock banks have cut yuan deposit rates to boost liquidity and stimulate economic growth. The rate cut aims to reduce the cost of bank liabilities and increase liquidity in the market, supporting domestic consumption and investment. Retail sales have grown, indicating a potential rise in consumer confidence spurred by the rate cuts. As China’s economic dynamics shift, its central bank has ushered in a strategy to boost liquidity and stimulate economic growth. In an ambitious move to navigate the currents of economic pressures, China is taking definitive steps to ease the margin strain on banks and pour more liquidity into its real economy. Streamlining liquidity through interest rate cuts To understand this strategic move, it’s necessary to dive into the recent activities in China’s banking sector. On Monday, several Chinese joint-stock banks, such as China Merchants Bank, Pingan Bank, China CITIC Bank, SPD Bank, and China Everbright Bank, announced a reduction in their yuan deposit rates. This follows a similar move by major state-owned banks like the Commercial Bank of China, Agricultural Bank of…

    Article 2023年6月16日
TOP