Is Ark invest launching a bitcoin ETF?

Ark Invest, the famous asset management firm, filed for approval to launch a Bitcoin ETF yesterday. The firm, founded and managed by Cathie Wood, will partner with 21Shares, a firm with experience in this field. The proposed instrument will be called ARK 21Shares Bitcoin ETF.

Will arkw buy Bito ETF in January?

Meanwhile, on December 27, the ARKW ETF bought more than 4.32 million shares of the BITO ETF, for a market value of over $90 million. Investors believe regulators will OK a spot Bitcoin ETF in January, but are split as to the effect on Bitcoin itself. Spot Bitcoin ETF: Buying like never before?

What is ARKK & how does it work?

ARKK is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital by investing under normal circumstances primarily (at least 65% of its assets) in domestic and foreign equity securities of companies that are relevant to the Fund’s investment theme of disruptive innovation.