ARK Invest, 21Shares join queue to offer Ethereum futures ETF

Investment companies ARK Invest and 21Shares have teamed up to use for 2 Ethereum futures exchange-traded funds after reports emerged recently that the United States securities regulator could soon start approving applications. The 2 proposed Ethereum futures ETFs are “ARK 21Shares Active Ethereum Futures ETF” (ARKZ) and the “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” (ARKY), according to an Aug. 24 filing to the Securities and Exchange Commission.The filing states that ARKZ would invest a minimum of 25% of its overall properties in cash-settled Ethereum futures agreements, such as those traded on the Chicago Mercantile Exchange (CME). ARK 21Share has submitted two more Bitcoin/ Ethereum ETF applications to the SEC. Source: SEC.ARKY, on the other hand, will consist of both Bitcoin and Ethereum futures contracts.Empowered Funds has actually been designated as investment consultant for the two Ethereum products.Related: BlackRock looks for area Bitcoin ETF– a United States very first if approved Ark Invest and 21Shares first partnered to launch a spot Bitcoin ETF in 2021. The SEC knocked back its first 2 efforts in March 2022 and January. Its latest Bitcoin spot ETF application was filed in April– about 2 months prior to $10 trillion firm BlackRock put in its own application.However, the SEC recently identified a number of the Bitcoin area ETF applications as insufficient, which prompted ARK 21Shares and other candidates to include a surveillance sharing arrangement to their applications.The financial investment companies are also waiting for the results of Ark 21Shares Active Bitcoin Futures ETF (ARKA) and Ark 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC), Magazine: DeFi Dad, Hall of Flame: Ethereum is woefully underestimated but growing more effective