ARK Invest applies to launch two cryptocurrency ETFs tracking the CoinDesk 20 Index

ARK Invest has submitted an application to U.S. regulators to launch two cryptocurrency ETFs tracking the CoinDesk 20 Index. One of the funds will fully track the CoinDesk 20 Index, covering major tokens such as bitcoin, ethereum, Solana, XRP, and Cardano; the other fund will track the index excluding bitcoin by combining long index futures and short bitcoin futures. If approved, both funds will be listed on NYSE Arca and are designed to provide diversified cryptocurrency investment options without the need to directly hold tokens.