ARK manages $13.9 billion in assets, and its CEO, Cathie Wood, is a strong advocate for cryptocurrencies. In partnership with the European asset manager 21Shares, ARK Investment first applied for a Bitcoin (BTC) exchange-traded fund (ETF) in June 2021. Its most recent request for a spot BTC ETF, which is currently pending review by the United States Securities and Exchange Commission, was initially filed in May 2023.
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