Ark Investments to Allow Funds to Invest in Cryptocurrency ETFs in Canada

TokenInsight news, Ark Investment Management has amended the prospectus for its Next Generation Internet ETF (ARKW) fund to open up the possibility of investing in cryptocurrency ETFs in Canada, according to a filing with the SEC this Friday. The revised filing indicates that the fund can invest in GBTC or "other bitcoin-based investment vehicles such as cryptocurrency ETFs registered and listed for trading in Canada." Bloomberg ETF analyst Eric Balchunas speculates that Ark is looking to replace ARKW's investment in GBTC with a Canadian ETF. ARKW currently holds more than 8.5 million shares of GBTC, making it the fund's second-largest holding. And while GBTC is down 22% this year, the Canadian ETF is down just 6%.
Source

In This Article

Related News
Bessemer Venture Partners Establishes $250 Million Investment Fund Focused on Decentralized Technologies and Launches BessemerDAO Bessemer Venture Partners Establishes $250 Million Investment Fund Focused on Decentralized Technologies and Launches BessemerDAO
Spartan Group Launches $200 Million Metaverse Fund Spartan Group Launches $200 Million Metaverse Fund
Goldman Sachs Is Offering Galaxy Digital's ETH Funds to Interested Clients Goldman Sachs Is Offering Galaxy Digital's ETH Funds to Interested Clients
Bain Capital Launches $560 Million Crypto Fund Bain Capital Launches $560 Million Crypto Fund
FTX Launches Philanthropic Fund FTX Future Fund FTX Launches Philanthropic Fund FTX Future Fund
Latest News More More
4 Hours Ago Mining Pool ViaBTC to Auction the "Epic Sat" After Mined the Bitcoin Fourth Halving Block
4 Hours Ago Tether to Freeze Assets Related to Sanctioned Entities in Venezuela
5 Hours Ago Payment Firm Block to Develop a Bitcoin Mining System
1 Day Ago Tether Partnered with Telegram to Launch USDT Payment
1 Day Ago Bitcoin Layer 2 Stacks to Rollout Nakamoto Upgrade
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open