Workflow
ARK 21Shares Active Bitcoin Futures Strategy (ARKA)
icon
Search documents
21Shares Tosses ETFs While Prepping for Spot Crypto Frenzy
Yahoo Financeยท 2025-09-10 10:00
Group 1 - 21Shares is discontinuing three of its five ETFs, which are relatively small and stem from its partnership with ARK Invest [1][3] - The liquidated ETFs include the $12 million ARK 21Shares Active Bitcoin Futures Strategy (ARKA), $13 million Active Ethereum Futures Strategy (ARKZ), and $11 million Blockchain and Digital Economy Innovation ETF (ARKD) [3] - The remaining ETFs are the $4.8 billion ARK 21Shares Bitcoin ETF (ARKB) and the $35 million 21Shares Ethereum ETF (TETH) [3] Group 2 - There has been a decline in demand for crypto futures ETFs, which are now considered suboptimal compared to other investment options [3][4] - 21Shares is actively seeking approval from the SEC for a variety of new crypto ETFs, indicating a shift towards building its own brand in the cryptocurrency space [4] - The SEC has recently accelerated its approval process for crypto ETFs, encouraging issuers to file for spot crypto funds [4] Group 3 - 21Shares is preparing to launch multiple new ETFs, including those tracking crypto indexes and spot-price ETFs for various cryptocurrencies such as Sei, Sui, XRP, Solana, Ondo, Polkadot, and Dogecoin [6] - The company is also planning at least two leveraged funds: the 21Shares 2x Long Dogecoin and 2x Long Sui ETFs [6]