ARK 21Shares has filed another two more ETF applications to the SEC — the first an Ethereum futures ETF and the other a hybrid Bitcoin Ethereum strategy ETF. It comes after reports emerged the regulator could start approving Ethereum ETFs in the coming months.
Investment firms ARK Invest and 21Shares have teamed up to apply for two Ethereum futures exchange-traded funds after reports emerged last week that the United States securities regulator could soon begin approving applications.
The two proposed Ethereum futures ETFs are “ARK 21Shares Active Ethereum Futures ETF” and the “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” ,The filing states that ARKZ would invest at least 25% of its total assets in cash-settled Ethereum futures contracts, such as those traded on the Chicago Mercantile Exchange .ARKY, on the other hand, will consist of both Bitcoin and Ethereum futures contracts.Ark Invest and 21Shares first partnered to launch a spot Bitcoin ETF in 2021.
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