Cathie Wood’s ARK Invest files for two crypto index ETFs tied to CoinDesk 20
ARK Invest, the asset management firm led by Cathie Wood, has filed with U.S. regulators to launch two new cryptocurrency exchange-traded funds (ETFs) that would track the CoinDesk 20 — a benchmark of the most liquid digital assets, including bitcoin, ether, solana, XRP and cardano.
Rather than holding crypto directly, the proposed ETFs would rely on cash-settled, regulated futures contracts to mimic the index’s daily performance.
While one fund will track the CoinDesk 20, the other will track that index, but exclude bitcoin by pairing long index futures with short bitcoin futures.
Both products are designed to give investors diversified access to crypto assets without the complexities of custody or direct token ownership. The funds…
