Ark and 21Shares have filed three bitcoin futures-related ETF applications since last Friday

Odaily Planet Daily News Since last Friday (August 11), Ark Invest and 21Shares have submitted three bitcoin futures ETF applications to the US SEC. One of the ETFs will invest in cash-settled bitcoin futures contracts traded on the CME, the proposed product is called the Ark 21Shares Active Bitcoin Futures ETF (ARKA), and could also hold U.S. Treasury bonds, money market instruments, according to an Aug. 11 filing. and repurchase agreements. A second proposed ETF, the Ark 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC), would likewise invest at least 25 percent of its funds in bitcoin futures contracts or ARKA, with the remainder invested in cash and cash equivalents. The third proposed ETF is the Ark 21Shares Digital Asset and Blockchain Strategy ETF (ARKD), which will allocate funds to invest in bitcoin futures contracts, or ARKA, and stocks of companies in the blockchain, digital assets and fintech industries. Empowered Funds, a subsidiary of white-label ETF platform Alpha Architect, is listed as investment advisor to the proposed fund, with 21Shares and Ark Invest acting as associate advisors. (Blockworks)