ARK Invest Files for Two New Crypto ETFs Separating Bitcoin from Altcoins
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Coinmarketcap
- ETF Innovation: ARK Invest has proposed two crypto ETFs tied to the CoinDesk 20 index, with one including Bitcoin and the other excluding it entirely, aiming to cater to diverse investor preferences and reflecting the market's evolving attitudes towards digital assets.
- Futures Contract Strategy: The ETFs will trade through futures contracts linked to the CoinDesk 20 index rather than holding cryptocurrencies directly, thereby avoiding the regulatory and operational complexities associated with direct crypto custody and ensuring compliance.
- Market Fragmentation Trend: ARK's dual ETF approach indicates a fragmentation in the crypto market, where some investors view Bitcoin as digital gold while others prefer exposure to rapidly evolving smart contract platforms and ecosystems.
- Exchange Listing Plans: ARK plans to list these ETFs on NYSE Arca, further solidifying the exchange's role as a launchpad for crypto-linked investment vehicles, while also reflecting the rapid evolution of the ETF landscape, providing investors with more choices.
Analyst Views on BTC
Wall Street analysts forecast BTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
