
Cathie Wood’s ARK Invest To Launch New Crypto ETFs

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ARK Invest, led by Cathie Wood, has filed to launch two new cryptocurrency ETFs that will track the CoinDesk 20 index. One ETF will include Bitcoin and Ethereum, while the other will exclude Bitcoin, using cash-settled futures contracts instead of holding cryptocurrencies directly. The funds aim to provide investors with crypto exposure without owning digital assets and will list on NYSE Arca. Approval and launch dates are pending, and ARK Invest already offers Bitcoin ETFs. Bitcoin is currently priced at $87,900, down 13% over the past year.
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