BitOne Capital | Cathie Wood’s ARK Investment Management has joined the race to get a bitcoin (BTC, -0.54%) exchange-traded fund (ETF) approved by the U.S. Securities and Exchange Commission.

June 28, 2021

by Kevin Reynolds, Zack Seward in Most Useful

| 212 views | June 28, 2021 | 8:51 pm

According to SEC filings, the noted tech investor is applying to create the ARK 21Shares Bitcoin ETF.
The vehicle would tap 21Shares’ expertise in spinning up crypto ETFs, mostly in Europe.
ARK joins the swelling ranks of companies hoping this will be the year the SEC approves a bitcoin ETF.
The SEC has swatted down dozens of bitcoin ETF proposals in recent years.
Wood joined the board of Amun Holdings, the parent company of 21Shares, in May.

This is a developing story and will be updated.

Cathie Wood’s ARK Investment Management has joined the race to get a bitcoin (BTC, -0.54%) exchange-traded fund (ETF) approved by the U.S. Securities and Exchange Commission.