Cathie Wood's ARK Invest in conjunction with 21 Shares, intends to launch the ARK 21Shares Bitcoin Futures Strategy ETF (ARKA). ARKA will invest under normal circumstances in exchange-traded bitcoin futures contracts that are cash-settled in U.S. dollars. Moreover, ARKA will not directly hold or invest in bitcoin (BTC-USD) or other digital assets as regulators are still on the sidelines and have not ruled in favor of the legality of ETFs holding direct crypto-assets. ARKA will also be an actively managed fund that will trade on the CBOE BZX Exchange. However, according to the U.S. Securities and Exchange Commission filing, ARKA has not been given an expense ratio at this current moment. ARK will now join the likes of other issuers such as Galaxy Digital, VanEck, ETF Series Solutions, and many others that have filed for a Bitcoin Futures Strategy Fund. The addition of ARKA will bolster Wood's actively managed ETF lineup to seven funds
