Published on September 16th, 2015 | by bitcoin0
Get them now Bitcoins in ETF Wrapper-ETF.com
Ark Invest, the ETF issuer behind a handful of actively managed ETFs focused on so-called disruptive innovation, is breaking new ground today by adding bitcoins to one of its ETF portfolios.
This is the first time an ETF will offer direct exposure to the crypto currency—a move that, in some ways, beats the Winklevoss Bitcoin Trust ETF (COIN) to the punch.
Now, the ARK Web x.0 ETF (ARKW | D-30) will have an allocation to bitcoins obtained through publicly traded shares of Grayscale’s Bitcoin Investment Trust (OTCQX: GBTC), the company told ETF.com.
ARKW officially beats COIN to the claim of first ETF to invest in bitcoins.
But ARKW is not a currency or a commodity ETF; it’s a global equity fund that hones in on next-generation Internet-linked companies.