ARK Investment Management, led by Cathie Wood, has submitted an application to the Securities and Exchange Commission (SEC) for the listing of Bitcoin (BTC) ETFs (Exchange Traded Funds).
According to the application documents, Ark, known for its investment in the high-tech sector, is applying for the formation of the ARK 21Shares Bitcoin ETF. It incorporates the expertise of 21Shares, which has launched crypto asset ETFs mainly in Europe.
Currently, several companies are applying for Bitcoin ETFs to the SEC, and 2021 is expected to be the year the SEC approves Bitcoin ETFs. The SEC has rejected numerous applications over the last few years.
In May, Kathy Wood became a director of Amun Holdings, a Swiss crypto fund, the parent company of 21Shares.