Cathie Wood’s $ARK Investment Management has taken a bold step into diversifying its crypto investment products by filing with US regulators for the launch of two new products. exchange trading CoinDesk 20 Cryptocurrency Associated Funds (ETFs) index, be This is a major milestone that brings exposure to the broader crypto market beyond just Bitcoin to traditional markets.
A filing filed with the U.S. Securities and Exchange Commission (SEC) on January 23 proposes an ETF that tracks the CoinDesk Crypto 20 Index, a benchmark that measures the performance of 20 major digital assets by adjusted market. Capitalize.
One ETF covers Bitcoin and large altcoins such as Ether, Solana, XRP, and Cardano, while another excludes Bitcoin and uses long index futures and short Bitcoin futures.
Ark Invest to list new ETF on NYSE Arca
$ARK investment New ETF The company is set to debut on the NYSE Arca as asset managers join other firms vying for investors in diversified crypto ETFs. Late last year, WisdomTree also filed to register its CoinDesk 20 fund in Delaware, setting the stage for it to become a U.S.-listed ETF that tracks the CoinDesk 20 index of the largest cryptocurrencies by market value. Additionally, similar to Cathie Wood’s company, ProShares is exploring the introduction of the CoinDesk Crypto 20 ETF, which tracks an index through derivatives rather than owning cryptocurrencies outright.
Meanwhile, apart from the planned ETF launch, Cathie Wood’s company is also branching out into several other investments. For example, Wood acquired $7.27 million worth of Netflix stock on January 21st. $ARK‘s Next Generation Internet ETF added 83,368 shares of the streaming company Netflix despite its recent earnings report showing mixed results. Over the past six months, Netflix stock has lost more than 31% of its value. Nevertheless, it shows a 150% increase over the past three years.
Around the same time, $ARK Genome Revolution ETF $ARK Innovation ETF bought 89,501 shares of Tempus AI and ARKQ bought 111,439 shares of WeRide Inc.
$ARK Invest maintains bullish prediction for Bitcoin in 2030
Bitcoin is not included in one of its planned ETFs, raising questions about whether the company is losing faith in the currency. Nevertheless, recently when it comes to Bitcoin, $ARKDavid Puel said that the next stage of the BTC market will be determined more by the level and structure of investors’ exposure than by confidence in the asset.
“In previous cycles, a lot of infrastructure was still being built. Now the question is not whether to invest in Bitcoin, but how much Bitcoin do you want and through which means?”
He found that for the time being, the treasury structure of ETFs and digital assets has already absorbed around 12% of Bitcoin’s total supply, much higher than expected and a key driver of price movements through 2025. This trend will continue until 2026, he said. However, he noted that early Bitcoin holders were locking in profits at the price peak, even as demand soared.
However, the company still has a bullish long-term outlook for Bitcoin, with a bear case of around $300,000 around 2030, a base case of nearly $710,000, and a bull case of around $1.5 million per Bitcoin. According to Puel, Bitcoin is driving the firm’s lower bound and base case estimates, with institutional adoption being the biggest driver of the bull case forecast.
He further commented that the macro environment (perhaps the end of US monetary tightening) could boost Bitcoin, as risk assets generally grow amid rising liquidity. “US liquidity is more important to Bitcoin than global M2,” he said.
