TL;DR
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Ark Invest and 21Shares are releasing an ETF Suite next week that will offer 5 Bitcoin and Ethereum futures-based funds.
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‘ETF Suites’ is a cool way of saying: “We are releasing 5 more investable funds, all from the same provider”
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This partnership new product line up could potentially onboard tons of new investors into the Web3 space.
Full Story
We may be aging ourselves by saying:
When I hear the word ‘suite’ I immediately think of “The Suite Life of Zack and Cody”
(Great show. Bravo, Disney Channel circa 2005.)
BUT! Disney has nothing to do with Crypto.
Just seemed like a nice segue to discussing ‘suites’…ETF Suites.
See, Ark Invest (Cathy Wood’s fund, our pro-bitcoin Lord and Savior) and 21Shares, are releasing an ETF Suite next week that will offer 5 Bitcoin and Ethereum futures-based funds.
‘ETF Suites’ is a cool way of saying:
“We are releasing 5 more investable funds, all from the same provider”
I.e. Ark Invest and 21Shares are the creators of these funds, and all 5 options are slightly different.
OK, why is this cool?
21Shares straddles the line of traditional and DeFi investments – helping bring these funds to both the crypto-natives and crypto-curious.
This partnership with Ark Invest and their product line up could potentially onboard tons of new investors into the Web3 space.
One of their products, The ARK 21Shares Blockchain and Digital Economy Innovation ETF, will exclusively invest in the equities of companies playing in the blockchain space.
There is something for everyone in this suite, even those who don’t fully want to own crypto, but want to play in the game.
…And all of this just in time for Bitcoin spot ETFs to get the green light (fingers crossed!).
