Published on September 16th, 2015 | by bitcoin0
The first EFT to invest in bitcoin is ARK.
Exchange-traded funds specialist ARK Investment Management has become the first ETF to invest in bitcoin.
ARK has made its investment for ARK Web x.0 ETF through the purchase of publicly traded shares of Grayscale’s Bitcoin Investment Trust (OTCQX: GBTC).
ARK’s founder and chief investment officer Cathie Wood, said: “We’re believers in bitcoin, the currency, and Bitcoin, the technology platform.
“We’re excited to receive an investment into the Bitcoin Investment Trust from an innovative firm like ARK,” added Grayscale founder Barry Silbert.
ARK Web x.0 ETF is the first ETF on a US exchange to invest in bitcoin.