Cathie Wood’s ARK Invest files for two crypto index ETFs tied to CoinDesk 20

ARK Invest, led by Cathie Wood, has filed with U.S. regulators to launch two new cryptocurrency exchange-traded funds (ETFs) designed to track the CoinDesk 20 index, which benchmarks liquid digital assets like bitcoin, ether, and solana. Instead of holding crypto directly, these proposed ETFs would utilize cash-settled, regulated futures contracts to mirror the index's daily performance. One fund will track the CoinDesk 20 exactly, while the second will track the index but exclude bitcoin by pairing long index futures with short bitcoin futures. These products aim to offer investors diversified crypto exposure without the burdens of custody or direct token ownership. The funds are intended to list on NYSE Arca, following similar index ETF proposals from WisdomTree and ProShares, signaling ARK's move toward broader crypto market coverage beyond its existing spot bitcoin ETF involvement.

(Source：CoinDesk)