ARK Files for Two New Cryptocurrency ETFs to Track CoinDesk 20 Index

BlockBeats News, January 24th, ARK Invest has submitted two new cryptocurrency ETF applications to regulators, both tied to the CoinDesk 20 Index, namely the ARK CoinDesk 20 Crypto ETF and the ARK CoinDesk 20 ex-Bitcoin Crypto ETF.

Notably, the latter will exclude Bitcoin assets and focus on the performance of non-Bitcoin crypto assets. If approved, these two products will further expand the traditional financial market's channels for index-based exposure to crypto assets.