ARK Invest is teaming up with 21Shares to obtain a bitcoin exchange-traded fund (ETF), approved by the U.S. Securities and Exchange Commission (SEC). According to the SEC filings, the ARK 21Shares Bitcoin ETF" would use 21Shares' expertise in crypto exchange-traded products (ETPs), outside of the U.S. and focus mostly in Europe.
ARK21Shares Bitcoin ETF will be trading under the ticker symbol "ARKB." Also, they would track the performance of the world's largest cryptocurrency as measured by the S&P Bitcoin Index. 21Shares US LLC, is listed as a sponsor of the proposed ETF in a government filing and will provide marketing assistance.
ARK and 21Shares Company Details
ARK already possesses crypto holdings through two other ETFs, the ARK Next Generation ETF (ARKW) and th...