Empowered Funds Partners with Ark Invest and 21Shares to Launch Innovative Bitcoin Futures ETFs

Empowered Funds Partners with Ark Invest and 21Shares to Launch Innovative Bitcoin Futures ETFs

Crypto News – Empowered Funds, a prominent player in the financial market, has unveiled an ambitious plan to introduce not one, but three Bitcoin futures exchange-traded funds (ETFs), marking a significant step in the cryptocurrency investment landscape. What sets this move apart is the strategic collaboration with two highly respected entities in the spot Bitcoin ETF sector: Ark Invest and 21Shares.

Empowered Funds has forged a strategic alliance with Ark Invest and 21Shares, two brands synonymous with trust, innovation, and strong performance. This partnership is set to result in the introduction of three Bitcoin futures ETFs, each proudly featuring the names of Ark Invest and 21Shares.

The expertise of 21Shares will be leveraged as the subadviser for the funds, ensuring that the ETFs are expertly managed and in alignment with prevailing market trends. On the other hand, Ark Invest, renowned for its robust investment strategies, will assume the role of sub-subadviser, providing an additional layer of strategic oversight.

Empowered Funds, operating under the name EA Advisers, a subsidiary of Alpha Architect, will serve as the primary adviser for these funds. This collaboration aims to expand investment opportunities while ensuring that the ETFs not only meet but also surpass investor expectations.

Many experts view this strategic partnership as a shrewd move. By capitalizing on the strong reputations of Ark Invest and 21Shares, Empowered Funds is positioning these ETFs to become highly sought-after financial products within the cryptocurrency space. Empowered Funds’ recent filing hints at their intention to enhance their crypto fund offerings while keeping a watchful eye on launching a spot Bitcoin ETF.

The inaugural ETF, named the Ark 21Shares Active Bitcoin Futures ETF, will primarily invest in Bitcoin futures from the Chicago Mercantile Exchange, serving as the foundation for the subsequent two ETFs. The following ETF, the Ark 21Shares Active On-Chain Bitcoin Strategy ETF, will allocate a minimum of 25% of its assets to the Digital Asset and Blockchain Strategy ETF, aligning its investment approach with evolving market dynamics.

In various phases, this ETF has the flexibility to allocate its investments into the foundational ETF. However, during periods of pessimism, it can divert up to 75% of its assets into US Treasury bonds and money market instruments.

Lastly, the Ark 21Shares Digital Asset and Blockchain Strategy ETF will encompass exposure to the primary ETF while also providing insights into digital assets and pioneering firms in the blockchain and fintech sectors. This ETF permits an allocation of up to 80% to the Bitcoin futures ETF or alternative assets, with the option to invest a maximum of 20% in liquid assets or their equivalents.

Details regarding the pricing of these ETFs remain undisclosed. Ophelia Snyder, co-founder and president of 21Shares, will undertake the role of portfolio manager for these funds. Both Ark Invest and 21Shares seem to be broadening their spectrum of Bitcoin ETF offerings, possibly with the aim of integrating their distinct futures ETFs into their existing ETF strategies.

Numerous investment firms are eagerly awaiting the verdict from the US Securities and Exchange Commission (SEC) regarding Bitcoin ETF submissions. This topic has garnered substantial attention within the sector, with industry analysts closely monitoring the SEC’s decisions, which could influence the valuation of Bitcoin. Even though BlackRock, the world’s premier asset manager, has a track record of successfully launching ETFs and is often seen as a frontrunner for approval, the final decision from the SEC remains uncertain.

Cathie Wood, CEO of ARK Invest, also awaits the SEC’s decision on their Bitcoin ETF proposal, speculating that the SEC might approve several ETF submissions simultaneously. Furthermore, indications suggest that approval for ETFs associated with Ethereum might be on the horizon. Insiders familiar with the matter have hinted that the SEC is poised to approve Ethereum futures ETFs, and whispers suggest that multiple companies might receive the green light for their launch by October.

While the SEC’s stance remains undisclosed, these insiders convey a sentiment that the agency is unlikely to hinder the progress of these products. There’s also a suggestion that the SEC might issue approvals for multiple companies in the near future, possibly by October.

In summary, Empowered Funds’ strategic partnership with Ark Invest and 21Shares marks a significant advancement in the realm of cryptocurrency investment, with the launch of innovative Bitcoin futures ETFs poised to capture the attention of investors and reshape the landscape of digital asset investment.