Cathie Wood’s ARK plots crypto-focused active ETF
Cathie Wood’s ARK Invest plans to launched an actively managed crypto-focused ETF in the next couple of months.
The firm recently filed for the ARK Crypto Active ETF (ARKC) with the Securities and Exchange Commission (SEC).
ARKC, the filing for which does not yet list a fee, will be managed by ARK founder and CEO Wood. According to its preliminary prospectus, ARKC will invest in domestic and foreign equities of companies that give exposure to what ARK considers to be ‘crypto assets.’ These assets could be tokens, currencies and coins distributed through blockchain and similar technology. The prospectus also states that the fund could invest in other funds — including those run ARK — that invest in or offer exposure to crypto…
