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Cathie Wood Wants to Put Ark’s Name on ETF Tracking Bitcoin (1)

June 29, 2021, 12:19 AM

Cathie Wood’s Ark Investment Management is seeking to lend its name to a Bitcoin exchange-traded product.

The ARK 21Shares Bitcoin ETF, trading under ARKB, would track the performance of the world’s largest cryptocurrency as measured by the S&P Bitcoin Index. 21Shares US LLC, an affiliate of Zug, Switzerland-based 21Shares AG, is listed as sponsor of the proposed ETF in a government filing Monday, with Ark Investment Management providing marketing assistance.

“This makes a lot of sense because Cathie is on the board of 21Shares, which is a big progressive crypto issuer in Europe,” said Eric Balchunas, ETF analyst ...

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