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ARK Invest and 21Shares Multiple Bitcoin-Related ETFs Get CUSIP Codes

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ARK Invest's partnership with 21Shares for several bitcoin-related ETFs (ARKA, ARKC, ARKD) has received a CUSIP code, according to the DTCC database.

ARKA will invest in cash-settled bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME), and may also hold U.S. Treasuries, money market instruments and repurchase agreements, according to an Aug. 11 filing with the SEC. ARKC will invest at least 25% of its funds in bitcoin futures contracts (ARKA) and the rest of its assets in cash and cash equivalents, unlike ARKA, which uses proprietary trend indicators to develop its allocation strategy.ARKD will be allocated to either bitcoin futures contracts or ARKA, as well as to stocks of companies in the blockchain, digital asset, and fintech industries.

Note: CUSIP stands for "Committee on Uniform Security Identification Procedures," and the CUSIP system is owned by the American Bankers Association, operated by The CUSIP system is owned by the American Bankers Association and operated by Standard & Poor's. CUSIP was created to give every security in North America a unique code.