BitOne Capital | Cathie Wood’s ARK Investment Management has joined the race to get a bitcoin (BTC, +4.54%) exchange-traded fund (ETF) approved by the U.S. Securities and Exchange Commission.

June 28, 2021

by Kevin Reynolds, Zack Seward in Most Useful

| 206 views | June 28, 2021 | 8:51 pm

According to SEC filings, the noted tech investor is partnering with investment product firm 21Shares in submitting a bitcoin ETF application.
The ARK 21Shares Bitcoin ETF would tap 21Shares’ expertise in spinning up crypto exchange-traded products (ETPs), mostly in Europe.
ARK and 21Shares join 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.

Cathie Wood’s ARK Investment Management has joined the race to get a bitcoin (BTC, +4.54%) exchange-traded fund (ETF) approved by the U.S. Securities and Exchange Commission.