Share this article
BTC
$82,915.34
-
1.08%ETH
$1,792.86
-
1.51%USDT
$0.9994
-
0.03%XRP
$2.0943
-
2.42%BNB
$589.15
-
1.42%SOL
$119.32
-
2.05%USDC
$0.9998
-
0.02%DOGE
$0.1648
-
3.31%ADA
$0.6388
-
3.55%TRX
$0.2379
+
0.65%LEO
$9.1190
+
2.00%LINK
$12.65
-
2.86%TON
$3.3053
+
0.04%XLM
$0.2494
-
2.83%AVAX
$17.28
-
5.72%SHIB
$0.0₄1212
-
2.33%SUI
$2.1640
-
4.44%HBAR
$0.1582
-
3.11%LTC
$81.62
-
2.79%OM
$6.2432
-
0.18%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
Cathie Wood's ARK Invest, 21Shares Team Up to Enter Bitcoin ETF Race
The "ARK 21Shares Bitcoin ETF" hopes to be the first to win approval from U.S. regulators.
Cathie Wood's ARK Investment Management has joined the race to get a bitcoin exchange-traded fund (ETF) approved by the U.S. Securities and Exchange Commission (SEC).
- 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.
UPDATE (June 29, 09:44 UTC): Adds 21Shares to headline.
STORY CONTINUES BELOW
Read more: SEC Again Delays VanEck Bitcoin ETF Decision
Kevin Reynolds
Kevin Reynolds is editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
Zack Seward
Zack Seward is CoinDesk’s contributing editor-at-large. Up until July 2022, he served as CoinDesk’s deputy editor-in-chief. Prior to joining CoinDesk in November 2018, he was the editor-in-chief of Technical.ly, a news site focused on local tech communities on the U.S. East Coast. Before that, Seward worked as a reporter covering business and technology for a pair of NPR member stations, WHYY in Philadelphia and WXXI in Rochester, New York. Seward originally hails from San Francisco and went to college at the University of Chicago. He worked at the PBS NewsHour in Washington, D.C., before attending Columbia’s Graduate School of Journalism.
