Fun

News Feed - 2023-08-25 08:08:22

Brayden Lindrea14 minutes agoARK Invest, 21Shares join queue to offer Ethereum futures ETFThe co-filing comes just a week after reports emerged that the SEC is likely to greenlight Ethereum ETF applications.53 Total viewsListen to article 0:00NewsJoin us on social networksInvestment firms ARK Invest and 21Shares have teamed up to apply for two Ethereum futures exchange-traded funds after reports emerged last week that the United States securities regulator could soon begin approving applications.


The two proposed Ethereum futures ETFs are “ARK 21Shares Active Ethereum Futures ETF” (ARKZ) and the “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” (ARKY), according to an Aug. 24 filing to the Securities and Exchange Commission.


The filing states that ARKZ would invest at least 25% of its total assets in cash-settled Ethereum futures contracts, such as those traded on the Chicago Mercantile Exchange (CME). ARK 21Share has filed two more Bitcoin/ Ethereum ETF applications to the SEC. Source: SEC.


ARKY, on the other hand, will consist of both Bitcoin and Ethereum futures contracts.


Empowered Funds has been assigned as investment advisor for the two Ethereum products.


Related:BlackRock applies for spot Bitcoin ETF — a US first if approved


Ark Invest and 21Shares first partnered to launch a spot Bitcoin ETF in 2021.


The SEC knocked back its first two attempts in March 2022 and January. Its most recent Bitcoin spot ETF application was filed in April — about two months before $10 trillion firm BlackRock put in its own application.


However, the SEC recently labeled many of the Bitcoin spot ETF applications as inadequate, which prompted ARK 21Shares and other applicants to add in a surveillance sharing agreementto their applications.


The investment firms are also awaiting the outcomes of Ark 21Shares Active Bitcoin Futures ETF (ARKA) and Ark 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC),


Magazine:DeFi Dad, Hall of Flame: Ethereum is ‘woefully undervalued’ but growing more powerful# Bitcoin# Business# Ethereum# Investments# SEC# ETF# AdoptionAdd reactionAdd reactionRead moreWhat are NFT royalties, and how do they work?Opinion: Why did Bitget seize more than $200,000 of my money?The future of BTC mining and the Bitcoin halving

News Feed
G7 Finance Ministers and Bankers Adopt Guidelines for Central Bank Digital Currencies
G7 Finance Ministers and Bankers Adopt Guidelines for Central Bank Digital Currencies Any digital currency issued by a central bank must support financial and monetary stability, f
2021-10-15 16:30 PM
Defi Protocol Founder Tricked, Hacked for $8 Million in Personal Funds
Defi Protocol Founder Tricked, Hacked for $8 Million in Personal Funds Nexus Mutual founder and chief executive officer Hugh Karp’s personal wallet address
2020-12-16 15:00 PM
Bitcoin price edges toward Q2 at $70K with all-time highs a key focus
William Suberg11 hours agoBitcoin price edges toward Q2 at $70K with all-time highs a key focusBitcoin needs to retain $69,000 into the multiple BTC price candle closes this weekend, says analysis.4741 Total views28 Tota
2024-03-30 21:05 PM
Is Bitcoin a Good Investment: Analyst Predicts High Institutional Demand Post Covid-19
Is Bitcoin a Good Investment: Analyst Predicts High Institutional Demand Post Covid-19 The global crisis and financial market turmoil have many investors looking into whether crypto
2020-04-26 02:15 AM
Ilias Salvatore11 hours agoFinancial decision-making: Using smart-analyticsSmart analytics are not just a tool. They can be a game changer in making more frequent and accurate financial decisions.275 Total viewsListen to
2023-11-15 22:00 PM
Square Enix to Deepen Its Blockchain Efforts in 2023
Square Enix to Deepen Its Blockchain Efforts in 2023 Square Enix, the Japanese gaming giant, is preparing to announce more blockchain-based titles in 2023. As part of a now traditi
2023-01-04 15:30 PM
Turner Wright10 hours agoSEC delays set deadlines for Bitcoin ETF approval to early 2024With a maximum 240-day window available to the SEC to delay crypto ETF applications, some firms could wait until March 2024 to hear
2023-08-15 22:01 PM
3 ways futures traders can use leverage and avoid liquidation losses
Marcel Pechman4 hours ago3 ways futures traders can use leverage and avoid liquidation lossesPro traders use a combination of futures trading strategies to generate profits while limiting their liquidation risk.437 Total
2024-07-03 04:35 AM
Alchemy Pay Partners With ZD Group, Parent Company of Mouette Securities, Shares Four Hong Kong Licenses and Receives Its Investment
Alchemy Pay Partners With ZD Group, Parent Company of Mouette Securities, Shares Four Hong Kong Licenses and Receives Its Investment sponsored The leading fiat-crypto payment gatewa
2023-03-14 22:45 PM
Elon Musk lashes out at EU over ‘illegal’ free speech deal
Robert D. Knight10 hours agoElon Musk lashes out at EU over ‘illegal’ free speech dealThe European Commission and Elon Musk’s social media site, X, look set to battle over alleged transparency violations.6341 Total
2024-07-19 23:00 PM
Crypto Prices Show Signs of Recovery, Market Analyst Says ‘Bitcoin Remains in a Healthy Place’
Crypto Prices Show Signs of Recovery, Market Analyst Says "Bitcoin Remains in a Healthy Place" Bitcoin and a number of other cryptocurrencies have regained some
2021-01-13 04:11 AM
Bitcoin falls into demand zone — Will SOL, XRP, KAS and AAVE follow?
Rakesh Upadhyay5 hours agoBitcoin falls into demand zone — Will SOL, XRP, KAS and AAVE follow?Bitcoin may find buyers close to $56,000, benefitting select altcoins such as SOL, XRP, KAS, and AAVE.3620 Total views8 Tota
2024-08-05 03:56 AM