Cathie Wood Wants to Put Ark’s Name on ETF Tracking Bitcoin
- Partnering with 21Shares, a European cryptocurrency issuer
- It’s ‘on-brand for Ark’ given its crypto bullishness: BI
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Cathie Wood’s Ark Investment Management is seeking to lend its name to a Bitcoin exchange-traded product.
The ARK 21Shares Bitcoin ETF, trading under ARKB, would track the performance of the world’s largest cryptocurrency as measured by the S&P Bitcoin Index. 21Shares US LLC, an affiliate of Zug, Switzerland-based 21Shares AG, is listed as sponsor of the proposed ETF in a government filing Monday, with Ark Investment Management providing marketing assistance.