🎯 ARK INVEST LAUNCHES THE ARK COINDESK 20 CRYPTO ETF 🎯
ARK Invest, the renowned asset management company led by Cathie Wood, has officially filed by submitting Form S-1 with the SEC to create the "Ark CoinDesk 20 Crypto ETF," intended for listing on the NYSE Arca.
This innovative ETF faithfully replicates the daily performance of the CoinDesk 20 (CD20) index, which selects the 20 leading cryptocurrencies by market capitalization (excluding stablecoins), with market-cap weighted allocations and quarterly rebalancing.
Detailed composition (weights as of the filing on January 23):
Bitcoin (BTC);
Ethereum (ETH);
Ripple (XRP);
Binance coin (BNB);
Solana (SOL);
Cardano (ADA);
Bitcoin Cash (BCH);
Chainlink (LINK);
Stellar (XLM);
Litecoin (LTC);
Avalanche (AVAX).
Other minor holdings (<1-2%): Dogecoin (DOGE), Polkadot (DOT), Polygon (MATIC), Internet Computer (ICP), Shiba Inu (SHIB), Uniswap (UNI), Cosmos (ATOM), Aptos (APT), Filecoin (FIL).
The ETF does not hold physical crypto but uses regulated futures to minimize risks and ensure institutional accessibility.
ARK has also registered a second ETF "Ark CoinDesk 20 ex-Bitcoin," which excludes BTC for a pure focus on altcoins through long/short positions.
With a seed capital of approximately 437,000 dollars, these products mark ARK's expansion in competition with WisdomTree and ProShares.
A historic step for institutional adoption of crypto, potentially driving the prices of top altcoins.
