ARK Invest, the asset management firm led by Cathie Wood, has filed with U.S. regulators to launch two new cryptocurrency exchange-traded funds (ETFs) that would track the CoinDesk 20 — a benchmark of the most liquid digital assets, including bitcoin, ether, solana, XRP and cardano.
Rather than holding crypto directly, the proposed ETFs would rely on cash-settled, regulated futures contracts to mimic the index’s daily performance.
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