- ARK Invest, an investment firm, has filed for a Bitcoin ETF.
- The firm is run by Cathie Wood, a longtime Bitcoin fan.
The Ark21Shares ETF (exchange-traded fund) is the latest addition to a growing list of applications for a crypto ETF—something the crypto industry has yet to get past the Securities and Exchange Commission, though not for lack of trying.
The SEC is currently reviewing Ethereum ETFs.filings from Kryptoin, WisdomTree, Fidelity, VanEck, and Anthony Scaramucci's Skybridge Capital; WisdomTree and VanEck have also filed for
Since ETFs trade on traditional stock exchanges (as opposed to the dedicated crypto exchanges that can be intimidating for newcomers), institutions like these see a Bitcoin ETF as a way of onboarding hesitant investors.
ARK Invest's proposed Bitcoin ETF would trade on Cboe's BZX Exchange.