Cryptocurrency Q&A
Is Ark 21shares a spot bitcoin ETF?
Is Ark 21shares a spot bitcoin ETF?
Chiara
Sun Jun 16 2024
|
5 answers
1234
Could you please clarify whether Ark 21Shares is considered a spot bitcoin ETF? I'm trying to understand the specific nature of this investment vehicle and how it differs from other types of ETFs in the cryptocurrency space. Is it designed to track the price of bitcoin directly, or does it have a different objective? Additionally, could you explain any unique features or benefits that Ark 21Shares might offer investors interested in exposure to bitcoin? Thank you for your assistance in clarifying this matter.
5 answers
TeaCeremony
Mon Jun 17 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet services. These services cater to a diverse set of investors, from retail traders to institutional investors.
Was this helpful?
343
84
Bianca
Mon Jun 17 2024
This year, Ark and 21Shares made a significant milestone by successfully introducing a spot Bitcoin ETF. This ETF, named ARK 21Shares Bitcoin ETF (ARKB), has garnered significant attention in the crypto and finance world.
Was this helpful?
194
45
Sara
Mon Jun 17 2024
The ARKB ETF, with assets worth $3.2 billion, ranks fourth among its peers in terms of asset size. This impressive figure demonstrates the growing demand for crypto-based investment products among retail and institutional investors.
Was this helpful?
393
57
IncheonBeautyBloomingRadiance
Mon Jun 17 2024
However, it trails behind BlackRock Inc.'s $19 billion iShares Bitcoin Trust (IBIT). BlackRock's ETF remains the leader in the space, offering investors exposure to the price movements of Bitcoin.
Was this helpful?
191
73
Leonardo
Mon Jun 17 2024
Recently, the SEC approved filings by exchanges like Cboe, Nasdaq, and NYSE to list spot-Ether ETFs. This approval marks a significant step forward in the evolution of crypto-based investment products in the United States.
Was this helpful?
113
48
