The Strategic Partnership: ARK Invest and 21Shares
Empowered Funds isn’t going it alone. ARK Invest and 21Shares, both seasoned in the Bitcoin ETF arena, will serve as sub-advisors. This strategic alliance aims to leverage each firm’s unique strengths. The partnership is a calculated move, designed to combine expertise and resources for a stronger market entry.
The Competitive Landscape: Why Now?
The timing is crucial. Companies like BlackRock, Fidelity, and Invesco are also racing to launch digital asset ETFs. The SEC is under increasing pressure to approve a variety of cryptocurrency funds, making now the perfect time for Empowered to enter the fray. The urgency is palpable, as the market is ripe for new entrants.
The Offerings: What’s in the Pipeline?
Three distinct ETFs are on the horizon. The ARK 21Shares Active Bitcoin Futures ETF will serve as the cornerstone for the other two. The second, the ARK 21Shares Active On-Chain Bitcoin Strategy ETF, will allocate at least 25% of its assets to its Digital Asset and Blockchain Strategy ETF. Lastly, the ARK 21Shares Digital Asset and Blockchain Strategy ETF will also invest in the Active Bitcoin Futures ETF. Each ETF has a unique focus, offering investors a range of options to suit their risk profiles and investment goals.
The Market Context: ProShares’ Success
ProShares, the first to launch a Bitcoin futures ETF, reaped significant first-mover advantages. With $955 million in assets, it serves as a testament to the market’s appetite for such products. This success story underscores the potential for Empowered Funds and its partners to make a significant impact.
The Regulatory Hurdle: SEC’s Role
The SEC’s decision on approving Bitcoin ETFs is highly anticipated. While the regulatory body has been cautious, the increasing demand for cryptocurrency products is hard to ignore. Empowered Funds, along with its partners, is keenly watching the regulatory landscape, ready to adapt and comply with any new guidelines.
Conclusion: The Anticipation Builds
As the crypto community eagerly awaits the SEC’s decision on spot Bitcoin ETFs, Empowered Funds, along with ARK Invest and 21Shares, is poised to make a significant impact in the futures market. Their strategic alliance and diverse offerings put them in a strong position to capture a substantial market share.
