The Cathie Wood-founded firm disclosed the transfer by means of a revised prospectus with the SEC.

Ark Investment Management revised the prospectus for its ARK Next Generation Internet ETF (ARKW) to open the possibility of investing in crypto exchange-traded funds (ETFs) in Canada, according to a submitting with the U.S. Securities and Exchange Commission (SEC) Friday.
“The fund could have publicity to cryptocurrency, similar to bitcoin, indirectly through an investment in a grantor trust or in other pooled investment autos, similar to exchange-traded funds domiciled in Canada,” the funding administration firm founded by crypto bull Cathie Wood wrote, replacing previous language.
The amended document further says that the fund could invest in the Grayscale Bitcoin Trust (GBTC) or “different pooled funding autos that spend money on bitcoin, similar to exchange-traded funds which might be domiciled and listed for trading in Canada (Canadian Bitcoin ETFs).” Grayscale is a part of Digital Currency Group, CoinDesk’s parent firm.
In a sequence of tweets, Bloomberg ETF analyst Eric Balchunas speculated that Ark was seeking to exchange ARKW’s funding in GBTC with a Canadian ETF. ARKW holds over 8.5 million shares of GBTC, making it the second-largest holding within the fund.
Balchunas famous that GBTC is down 22% year to date, whereas the Canadian ETF has dropped 6%. “That’s fairly important dispersion,” he wrote. “I’m sure that’s irking them.”
Source: Coindesk