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Crypto Miners Are ‘Literally Printing Money,’ Says Wall Street Firm DA Davidson

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Reuters

Cathie Wood’s ARK Invest throws weight behind new bitcoin futures ETF

The proposed ETF, called ARK 21Shares Bitcoin Futures Strategy, with the ticker symbol ARKA, is an attempt by the fund managers to take advantage of the surge in cryptocurrency this year. However, the SEC has yet to approve a bitcoin ETF. Other asset managers and exchanges such as Fidelity, CBOE Global Markets and Nasdaq are also waiting for the green light to launch ETFs tracking the digital currency.

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