According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Ark Invest and 21Shares are teaming up to apply for an Ethereum Futures Exchange Traded Fund (ETF).

Crypto Players Team Up For ETF

In a significant move, prominent players in the race for a bitcoin ETF have turned their attention to the realm of ether futures contracts. Ark Invest and 21Shares, considered strong contenders in the ETF space, have unveiled their involvement in the proposed ARK 21Shares Active Ethereum Futures ETF (ARKZ) and the ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY), as per a recent filing.

Both ARKZ and ARKY are set to have Ark Invest and 21Shares listed as sub-advisers. Empowered Funds, an affiliate of Alpha Architect, a white-label ETF platform, will orchestrate the …