The co-filing comes only one week after news surfaced suggesting that the SEC would likely approve applications for Ethereum ETFs.
The announcement of a successful partnership between ARK Invest and 21Shares has raised the hopes of Ethereum supporters as they join forces to seek the development of two Ethereum futures exchange-traded funds (ETFs). Following indications that the U.S. securities regulator may be close to approving such ventures, this alliance is ready to bring in a new chapter in the bitcoin investing environment.
Envisioning Ethereum’s Futures
The “ARK 21Shares Active Ethereum Futures ETF” (ARKZ) and the “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” (ARKY) are the next ethereum offerings. The Securities and Exchange Commission received an official filing on August 24 from these two potentially valuable securities.
Related: SEC Likely to Approve Multiple Ether Futures ETFs in One Go
The Ethereum pioneer ARKZ plans to invest at least 25% of its total assets in Ethereum futures contracts with a cash settlement. These contracts, which resemble those traded on the CME in Chicago, have the potential to shape the ETF’s dynamic potential. On the other hand, ARKY intends to use the strength of Bitcoin and Ethereum futures contracts to build a strategic tapestry. a two-pronged strategy that aims to capitalize on these well-known cryptocurrencies’ inherent advantages.
Navigating Regulatory Waters
Empowered Funds, who takes on the role of the financial advisor for these ground-breaking products, is in charge of this enormous undertaking. a demonstration of their complementary knowledge and vision.
The collaboration’s daring is clear, despite the fact that the road to ETF reality is not without its detours. Their past attempts had been hampered by the Securities and Exchange Commission, which prompted adjustments and improvements in response to changing regulatory expectations. The adoption of a surveillance sharing agreement in apps demonstrates the industry’s dedication to accountability and openness.
Amidst the intrigue, the Ethereum community keenly watches the outcomes of not just these two pioneering ETFs but also keeps an eye on the unfolding narratives of ARKA and ARKC – the Ark 21Shares Active Bitcoin Futures ETF and Ark 21Shares Active On-Chain Bitcoin Strategy ETF. The digital realm of investments remains enigmatic, promising exciting horizons as ARK Invest and 21Shares courageously pave the way for a new era of financial possibilities.
Related: SEC Delays Decision on ARK 21Shares Spot Bitcoin ETF, Opens Proposal to Comments