ARK Invest files for CoinDesk 20 Crypto Index ETFs
Cathie Wood’s ARK Invest has filed with U.S. regulators to launch two crypto index exchange-traded funds tied to the CoinDesk 20 index, marking the firm’s first push into broad crypto exposure beyond Bitcoin.
Summary
- Wood’s latest move marks her firm’s first push into broad crypto exposure beyond Bitcoin.
- The proposed ETFs would track the daily performance of the CoinDesk 20 index.
- WisdomTree filed its registration for a CoinDesk 20 Fund in Delaware on September 22.
According to a regulatory filing, the proposed ETFs would track the daily performance of the CoinDesk 20 index using regulated futures contracts rather than holding crypto directly.
One fund…
