Cathie Wood’s $ARK Invest has filed with U.S. regulators to launch two crypto index exchange-traded funds tied to the CoinDesk 20 index, marking the firm’s first push into broad crypto exposure beyond Bitcoin.
Summary
- Wood’s latest move marks her firm’s first push into broad crypto exposure beyond Bitcoin.
- The proposed ETFs would track the daily performance of the CoinDesk 20 index.
- WisdomTree filed its registration for a CoinDesk 20 Fund in Delaware on September 22.
According to a regulatory filing, the proposed ETFs would track the daily performance of the CoinDesk 20 index using regulated futures contracts rather than holding crypto directly.
One fund would include Bitcoin alongside major altcoins such as Ether, Solana, XRP and Cardano, while a second product would exclude bitcoin entirely by pairing long index futures with short bitcoin futures.
Both funds are slated for NYSE Arca listing, positioning $ARK alongside other firms as competition intensifies for diversified crypto exchange-traded funds (ETF) offerings.
WisdomTree filed its registration for a CoinDesk 20 Fund in Delaware on September 22, 2025, a preliminary step toward a U.S. ETF tied to the CoinDesk 20 index that covers the largest cryptocurrencies by market cap.
Meanwhile, ProShares submitted its SEC filing for the ProShares CoinDesk Crypto 20 ETF on October 22, 2025, seeking approval for a diversified crypto ETF that would track the same index via derivatives rather than direct holdings.
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