TL; DR
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Ark Invest and 21Shares are release an ETF suite next week it will offer 5 Bitcoin and Ethereum futures based funds.
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‘ETF Suites’ is a cool way of saying: “We are releasing another 5 investable funds, all from the same provider”
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This new product line from the partnership could potentially bring tons of new investors into the Web3 space.
Full story
We can age ourselves by saying:
When I hear the word ‘suite’ I immediately think of “The Suite Life of Zack and Cody”
(Great performance. Bravo, Disney Channel circa 2005.)
BUT! Disney has nothing to do with Crypto.
I just thought it would be a fun follow-up to discussing ‘suites’…ETF Suites.
Look, Ark Invest (the fund of Cathy Wood, our pro-bitcoin Lord and Savior) and 21Shares are release an ETF suite next week it will offer 5 Bitcoin and Ethereum futures based funds.
‘ETF Suites’ is a cool way of saying:
“We are releasing another 5 investable funds, all from the same provider”
Ie Ark Invest and 21Shares are the makers of these funds, and all five options are slightly different.
Okay, why is this cool?
21Shares sits on the line between traditional and DeFi investing, helping to bring these funds to crypto natives and the crypto-curious alike.
This partnership with Ark Invest and their product range could potentially bring tons of new investors into the Web3 space.
One of them ProductsThe ARK 21Shares Blockchain and Digital Economy Innovation ETF will invest exclusively in the shares of companies active in the blockchain space.
There is something for everyone in this suite, even those who don’t want to fully own crypto but still want to play in the game.
…And all this just in time for Bitcoin spot ETFs to get the green light (fingers crossed!).