Cathie Wood’s ARK Invest Enters Bitcoin ETF Race – CoinDesk – CoinDesk

Cathie Wood’s ARK Invest Enters Bitcoin ETF Race

Cathie Wood’s ARK Investment Management has joined the race to get a bitcoin exchange-traded fund (ETF) approved by the U.S. Securities and Exchange Commission.

  • According to SEC filings, the noted tech investor is applying to create the ARK 21Shares Bitcoin ETF.
  • The vehicle would tap 21Shares’ expertise in spinning up crypto ETFs, mostly in Europe.
  • ARK joins the swelling ranks of companies hoping this will be the year the SEC approves a bitcoin ETF.
  • The SEC has swatted down dozens of bitcoin ETF proposals in recent years.
  • Wood joined the board of Amun Holdings, the parent company of 21Shares, in May.

This is a developing story and will be updated.