Market News

SEC Greenlights Ark's Ambitious Crypto ETF Featuring Bitcoin, Ethereum, and XRP

Ark Investment Management has taken a significant step forward by filing with the SEC for a new futures-based crypto ETF named the Ark Coindesk 20 Crypto ETF.

This product aims to provide investors with scalable and diversified access to the digital asset market, highlighting key cryptocurrencies such as bitcoin, ethereum, and XRP without requiring direct token ownership.

The ETF will be structured as a Delaware statutory trust that continuously offers shares linked to the performance of the Coindesk 20 Index through regulated futures contracts.

The index itself tracks the top 20 crypto assets by market capitalization, excluding certain categories like stablecoins and privacy tokens.

As of late 2025, it's projected that a significant portion of the index will be dominated by bitcoin, ethereum, and XRP, making up approximately 88.15% of its composition.

Importantly, the ETF will not provide direct exposure to spot cryptocurrencies, which calls for investors to be aware of their investment strategy regarding digital assets.

Instead of holding the actual cryptocurrencies, the ETF will obtain indirect exposure through index futures, relying on Coindesk Benchmark Reference Rate for pricing.

This innovative approach allows Ark to cater to a growing demand for regulated crypto products while mitigating risks associated with direct ownership.

The filing reflects a broader trend in the financial markets where institutional interest in cryptocurrency continues to rise, indicating a potentially transformative year ahead for the digital asset landscape.

As the SEC reviews the application, all eyes will be on how this could pave the way for more crypto ETFs, influencing market dynamics and investor participation.