ARK and 21Shares Submit New Application for Bitcoin ETF

ARK Invest and 21Shares have filed a third request to launch an ETF based on Bitcoin, which would provide US investors with protection that does not currently exist.

The product under the ticker ARKB will track the price of BTC according to the S&P bitcoin index.

Hany Rashwan, co-founder of 21Shares, has noted that crypto products are gaining popularity with investors but must comply with regulatory and security rules.

As a result, many traders are looking to other options abroad rather than waiting for access to local markets.