Cathie Wood’s asset management firm Ark Invest has filed multiple applications for new Bitcoin ETFs, according to the latest submissions to the U.S. Securities and Exchange Commission (SEC). This comes following the approval of generic listing standards for crypto exchange-traded funds.
According to the new SEC filings on October 14, Cathie Wood’s Ark Invest submitted preliminary prospectuses for several Bitcoin exchange-traded funds (ETFs). This includes ARK Bitcoin Yield ETF, ARK DIET Bitcoin 1 ETF, and ARK DIET Bitcoin 2 ETF.
ARK Bitcoin Yield ETF aims to provide yield to investors from Bitcoin-linked strategies. The company also framed the product as a way for investors to generate income from BTC while reducing volatility.
The fund will provide income by selling options and collecting option premiums over time. The fund may invest up to 25% of its total assets in Ark Invest.
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