Cathie Wood's Ark Invest launches 'suite' of digital assets ETFs which include exposure to bitcoin futures contracts.
Cathie Wood's Ark Invest is getting ready to launch a new suite of ETFs with 21Shares it says will give investors "a robust set of options for introducing exposure to digital assets into a portfolio."
The ETFs will be listed on the Chicago Board Options Exchange, or Cboe, according to prospectuses. There are a total of five products that will begin trading next week. Ark stressed that the funds still won't offer a chance to invest directly into digital assets. "Neither the funds nor the underlying ETF invest directly in bitcoin or other digital assets or maintain direct exposure to spot bitcoin," said Ark. "Investors seeking direct exposure to the price of bitcoin should consider an investment other than the funds.
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