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

Latest News More More
Trump makes over $57 million from WLFI sales, Truth Social files for Bitcoin and Ethereum combo ETF, and more
3 Days Ago XRP Ledger adopts USDC one week after Circle goes public
3 Days Ago Wall Street back-office giant DTCC mulls stablecoin integration: report
6 Days Ago Foresight Ventures Report Shows a Pendulent Shift of Over 32,000 Global Merchants Accepting Crypto Payment
June 9 Hyperliquid hits record $248 billion perp volume in May, capturing over 10% of Binance flow
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open