Slowly but surely, the financial world is warming up to the idea of both Bitcoin and blockchain technology. While the latter category is an area of expertise being explored by banks and other financial institutions around the world, Bitcoin is making its way to OTC markets. But that is not all, as ARK became the first public fund manager to invest in Bitcoin just recently.
ARK Web First ETF To Invest in Bitcoin
Investing in Bitcoin as an ETF is not as straightforward as some people might think. An ETF can not, unlike individual Bitcoin traders, purchase virtual currency directly and call it an investment. ARK Web purchased publicly traded shares of Grayscale’s Bitcoin Investment Trust (ticker OTCQX: GBTC) to make their virtual currency investment.