Join NexChange - the professional
network for the financial services
industry - and receive a free one-
year subscription to Forbes
An ETF Levered to the Cryptocurrency Trade
The intersection of cryptocurrencies and exchange traded products, at least in the U.S., remains unrealized. Several exchange traded funds issuers have filed plans with the Securities and Exchange Commission for bitcoin funds, but some of those plans have recently been scuttled due in part to bitcoin futures not yet being available.
There are some ETFs with bitcoin exposure and, not surprisingly, those funds are surging. A name to remember from this group is the ARK Web x.0 ETF (NYSE: ARKW).
Actively managed, the ARK Web x.0 ETF’s holdings include a mix of stocks classified as technology names and some that dwell in the consumer discretionary sector, including Amazon.com Inc. (NASDAQ: AMZN) and Netflix, Inc. (NASDAQ: NFLX).
Photo: Getty iStock