PANews reported on September 20 that according to PR Newswire, Cathie Wood's ARK Invest announced that it has acquired European ETF issuer Rize ETF. The specific acquisition amount was not disclosed. The acquisition will enable ARK to enter the European ETF market, and the Rize ETF team will join ARK. The existing name and brand of Rize ETF will be phased out and renamed "ARK Invest Europe".
