Cathie Wood’s ARK Invest Enters Bitcoin ETF Race

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 partnering with investment product firm 21Shares in submitting a bitcoin ETF application.

The “ARK 21Shares Bitcoin ETF” would tap 21Shares' expertise in spinning up crypto exchange-traded products (ETPs), mostly in Europe.