ARK Invest launches 2 new Crypto ETF funds separating Bitcoin and altcoins

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ARK Invest changes its cryptocurrency ETF strategy, shifting from focusing on individual tokens to a broader market approach. The company led by Cathie Wood has proposed two new ETFs linked to the CoinDesk 20 index. One fund includes Bitcoin along with major altcoins such as Ether, Solana, XRP, and Cardano, while the other excludes Bitcoin, focusing solely on alternative networks and protocols.

Instead of directly holding cryptocurrencies, both funds will track the index through managed futures contracts, with uninvested capital held in cash or equivalents. This approach avoids the risks and complexities of direct custody, placing the ETF within a managed derivatives market.

ARK’s two-fund strategy reflects a new perspective on the market: Bitcoin is viewed as digital gold, while altcoins represent fast-growth opportunities. The futures-based design differentiates ARK from competitors like WisdomTree, which hold tokens directly.

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