Last Updated on November 11, 2023 by Bitfinsider
On Tuesday and Wednesday, Ark Invest and 21Shares plan to launch five funds that hold bitcoin futures contracts, ether futures, or both. In August, the companies filed a combined application for these items.
The first bitcoin futures ETFs appeared in October 2021, and the first ether futures funds debuted only last month. Despite their late entry into these areas, Ark and 21Shares are now poised to introduce actively managed variations of these product types.
The ARK 21Shares Active Bitcoin Ethereum Strategy ETF, a third fund, will allocation to both BTC and ETH futures using “historical pricing relationships and fundamental analysis to outperform holding bitcoin over a market cycle,” according to the firm fund description.
The firms are also planning to develop an Active On-Chain Bitcoin Strategy ETF, which will invest in bitcoin futures and cash equivalents using on-chain valuation algorithms.
A fifth fund would invest in BTC futures in addition to a concentrated portfolio of crypto-related equities.
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