Another ETF Filed: Empowered Funds Aims to Launch Distinctive Bitcoin Futures ETF Drawing from Ark Invest and 21Shares Approaches
1 min read
The drive to attract substantial institutional investment, known as “smart money,” into the cryptocurrency realm has ignited a wave of applications for Exchange Traded Funds (ETFs). Empowered Funds, a subsidiary of Alpha Architech operating as EA Advisors, has submitted applications for listing three Bitcoin Futures ETFs. The flagship offering, “Ark 21Shares Active On-Chain Bitcoin Strategy ETF,” plans to allocate up to 25% of its funds to digital assets and engage in blockchain strategy ETF trading on the Chicago Mercantile Exchange. ECM manages more than $120 billion in assets as of June 30, 2022!
ETFs have emerged as a conduit to attract affluent institutional investors into the crypto ecosystem, with regulatory oversight. The envisioned Empowered Funds Bitcoin futures ETF boasts adaptive strategies, directing up to 100% of capital to underlying assets during bullish market conditions, and 75% to U.S. Treasury Securities during bearish periods.
Although various Bitcoin and Ethereum futures ETFs have surfaced, anticipation remains high for a Bitcoin spot ETF. Interestingly, the Securities and Exchange Commission (SEC) will postpone decisions, even for key industry players like BlackRock, until next year. This, my friends, is bullish!
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