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ARK Invest Targets Canadian Bitcoin ETF Investment

From decrypt.co

ARK Invest, the asset management firm helmed by Cathie Wood, has revised the prospectus for its ARK Next Generation Internet ETF (ARKW) to open the possibility of investing in Bitcoin exchange-traded funds (ETFs) in Canada. According to an amended SEC filing for the ARK Next Generation Internet ETF (ARKW), the fund may invest in the Grayscale Bitcoin Trust (GBTC) or “other pooled investment vehicles that invest in Bitcoin, such as exchange-traded funds that are domiciled and listed for trading in Canada (Canadian Bitcoin ETFs).” A Bitcoin ETF is an investment tool that allows investors to buy shares that represent ... (full story)

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  • Category: Fundamental Analysis