NEW YORK, Sept. 15, 2015 /PRNewswire/ — ARK Funding Administration LLC (ARK), an energetic supervisor of thematic exchange-traded funds (ETFs), is happy to announce that the ARK Net x.zero ETF (NYSEARCA: ARKW) has turn into the primary ETF to put money into bitcoin. ARK has made its funding for ARK Net x.zero ETF via the acquisition of publicly traded shares of Grayscale’s Bitcoin Funding Belief (OTCQX: GBTC).

ARK believes that bitcoin, a digital foreign money, might disrupt the $500 billion middleman fee platform trade which incorporates bank cards, digital funds and remittances, and may empower the creation of a brand new group of firms and industries.  As a burgeoning type of fee, it has acquired acceptance from main firms comparable to Dell, Overstock and Expedia.

“We’re believers in bitcoin, the foreign money, and Bitcoin, the expertise platform.  We additionally consider that present costs current a pretty entry level for our buyers,” mentioned ARK’s Founder and Chief Funding Officer Cathie Wooden. “Bitcoin is a disruptive innovation and whereas nonetheless in its infancy, curiosity has been rising quickly in Silicon Valley, Wall Avenue and Washington, D.C.

The ARK Net x.zero ETF invests in disruptive firms remodeling all sectors of the economic system. These adjustments are accelerating due to Web-enabled cell and native technological breakthroughs, that are revolutionizing client and enterprise habits.

“We’re excited to obtain an funding into the Bitcoin Funding Belief from an progressive agency like ARK,” mentioned Grayscale Founder Barry Silbert. “ARK, a pioneer within the funding group, is in good firm. Latest information has highlighted Goldman Sachs, UBS and Citi for his or her initiatives within the digital foreign money area.”

ARK Net x.zero ETF is the primary ETF on a U.S. alternate to put money into bitcoin.  ARK’s funding in publicly traded shares of the Bitcoin Funding Belief (OTCQX: GBTC) can be valued every day at four:00 PM ET at their then present each day market value.

“Grayscale is a pacesetter within the bitcoin ecosystem, bridging the hole between digital foreign money and the broader funding group,” mentioned ARK’s Chief Operations Officer Jane Kanter. “Our funding philosophy is to put money into progressive firms, and we’re glad to be making our personal progressive mark inside the ETF group.”

About ARK Funding Administration

Headquartered in New York Metropolis, ARK Funding Administration LLC is a registered funding adviser and privately held funding agency, specializing in thematic investing. The agency is rooted in over thirty years of expertise in figuring out and investing in disruptive improvements that allow outsized development as industries remodel. By way of its open supply analysis course of, ARK is ready to establish firms that we consider are main and benefiting from disruptive cross-sector forces and altering how the world works.

Extra data concerning the ARK funds could be discovered at www.ark-funds.com.  Cathie Wooden could be adopted at @CathieDWood and the agency’s themes could be tracked at @ARKindu @ARKgenome @ARKwebx0. ARK’s company Twitter feed could be adopted at @ARKInvest.

Media Contact:
Hod Klein/Ryan Gorman
212-704-7385
Hod@dukaspr.com / RGorman@dukaspr.com

About Grayscale Investments

Grayscale is a wholly-owned subsidiary of Digital Currency Group, an organization serving to to construct the muse of the digital foreign money and blockchain expertise trade.  The trusted authority on digital foreign money investing, Grayscale supplies unparalleled market perception and funding publicity to the creating digital foreign money asset class. The primary in Grayscale’s line of funding merchandise, the Bitcoin Investment Trust supplies entry to the funding alternative of bitcoin securely and seamlessly. The Bitcoin Funding Belief’s shares are the primary publicly quoted securities (ticker: GBTC) solely invested in and deriving worth from the value of bitcoin.

Extra data concerning Grayscale could be discovered at www.grayscale.co.  Grayscale and the agency’s first product could be adopted at @GrayscaleInvest and @BitcoinTrust, respectively.

Media Contact:
Michael Sonnenshein
212-668-3911
press@grayscale.co

Earlier than investing it’s best to rigorously think about the fund’s funding aims, dangers, fees and bills. This and different data is within the prospectus, a duplicate of which can be obtained by visiting www.ark-funds.com. Please learn the prospectus rigorously earlier than you make investments.

All statements made herein by ARK are strictly beliefs and factors of view held by ARK. Sure of the statements contained herein could also be statements of future expectations and different forward-looking statements which might be based mostly on ARK’s present views and assumptions and contain recognized and unknown dangers and uncertainties that might trigger precise outcomes, efficiency or occasions to vary materially from these expressed or implied in such statements. ARK assumes no obligation to replace any forward-looking data contained herein. Though ARK has taken affordable care to make sure that the knowledge contained herein is correct, no illustration or guarantee (together with legal responsibility in the direction of third events), expressed or implied, is made by ARK as to its accuracy, reliability or completeness. References to securities or funding merchandise are usually not a advice to purchase, maintain, or promote such securities or merchandise. An funding in any safety is topic to dangers and you may lose cash in your funding. There could be no assurance that any funding product will obtain its funding aims. Detailed data concerning the particular dangers of a safety or funding product could be present in its prospectuses or providing paperwork. ARK and its shoppers in addition to its associated individuals could (however don’t essentially) have monetary pursuits in securities or issuers which might be mentioned herein.

The principal dangers of investing in ARKW embrace: Fairness Securities Threat. The worth of the fairness securities the Fund holds could fall on account of normal market and financial situations. International Securities Threat. Investments within the securities of international issuers contain dangers past these related to investments in U.S. securities. Info Know-how Sector Threat. Info expertise firms face intense competitors, each domestically and internationally, which can have an adversarial impact on revenue margins. Detailed data concerning the particular dangers of ARKW could be present in its prospectus. Further dangers of investing in ARKW embrace market, administration and non-diversification dangers, in addition to fluctuations in market worth and NAV. An funding in an ETF is topic to dangers and you may lose cash in your funding in an ETF.

http://www.prnewswire.com/news-releases/ark-invest-becomes-first-public-fund-manager-to-invest-in-bitcoin-300143030.html

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