ARK Invest and 21Shares have partnered to launch a suite of digital asset ETFs.

Investment management firm ARK Invest, led by pro-Bitcoin investment veteran Cathy Wood, has partnered with exchange-traded fund (ETP) provider 21Shares to develop a new set of digital asset exchange-traded funds (ETFs). The move aims to provide a “robust set of options” for investors looking to add digital assets to their business portfolios.

The countdown has begun: Today, 21Shares and ARK Invest announce the upcoming ARK and 21Shares Digital Asset ETF Suite.

The ETF portfolio uses crypto-specific insights alongside traditional indices. pic.twitter.com/dkg8aTCtVR

— 21Shares Funds (@21shares_funds) November 8, 2023

According to the 21Shares website, the companies will use their experience in blockchain tokens and crypto-natives to deliver “long-term capital appreciation” by investing in Bitcoin (BTC) and Ether (ETH) futures contracts.

According to the forecasts issued by the companies, it is known that five products will start trading next week. Additionally, these ETFs are listed on the Chicago Board Options Exchange (CBOE).

The company also underlines that it does not offer investors the opportunity to directly invest in spot BTC. In the disclaimer, the company highlighted that investors seeking exposure to the value of BTC should consider other types of investments.

In addition to Bitcoin and Ethereum futures, a product called the ARK 21Shares Blockchain and Digital Economy Innovation ETF is designed to invest in the public equity of companies in the blockchain industry. According to 21Shares, this provides investors with what it describes as “universal exposure” to the development of blockchain technology.

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Meanwhile, Bloomberg analysts speculate that the United States Securities and Exchange Commission has a window to approve Bitcoin ETF filings. On November 8, analysts James Seifert and Eric Balchunas wrote that there is a possibility that the SEC will approve all 12 ETF documents if the agency decides to allow the concept. However, the analysts emphasized that this is only an option and there is nothing concrete yet.

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