According to Foresight News, ARK Invest, a fund company led by Cathie Wood, has announced the acquisition of European ETF issuer Rize ETF. The specific acquisition amount has not been disclosed. This acquisition will enable ARK to enter the European ETF market, with the Rize ETF team joining ARK. The existing Rize ETF name and brand will be gradually phased out and become a department of ARK Invest Limited, renamed as 'ARK Invest Europe'. The existing Rize ETF index products will still be available.

As of August 31, 2023, Rize ETF managed 11 ETFs with $452 million in assets. All of its ETFs comply with Article 8 or Article 9 of the SFDR and are registered in Dublin, distributed throughout Europe. ARK manages approximately $25 billion in ETFs and other products globally.