On Tuesday and Wednesday, Ark Invest and 21Shares plan to launch five cryptocurrency futures funds. In August, the businesses filed for these items together. October 2021 saw the introduction of the first bitcoin futures ETFs, and last month saw the debut of ether futures funds. It is now planned for Ark and 21Shares to introduce actively managed versions of these product categories. ARK 21Shares Active Bitcoin Ethereum Strategy ETF, a third fund, would use fundamental analysis and historical pricing connections to allocation to both BTC and ETH futures. The businesses also plan to introduce an Exchange-Traded fund (ETF) called Active On-Chain Bitcoin Strategy, which would use on-chain value algorithms to invest in bitcoin futures and cash equivalents. BTC futures would be held alongside a focused portfolio of stocks linked to the cryptocurrency space in a fifth fund.
According to Ophelia Snyder, president of 21.co, the two companies want to stand out by emphasising their backgrounds in both the traditional banking and DeFi sectors. Neena Mishra, director of ETF research at Zacks Investment Research, asserted that it is challenging to pinpoint the precise level of demand for these goods. She pointed out that while investors have responded tepidly to ether futures ETFs, they are anxiously awaiting spot ETFs. Among the contenders for a spot bitcoin exchange-traded fund (ETF) are Ark Invest and 21Shares. The US Securities and Exchange Commission is expected to make a decision on their application by January 10. Additionally, the corporations are presenting a spot ether plan to the regulatory body.