Cathie Wood’s ARK Invest has filed with U.S. regulators to launch two crypto index exchange-traded funds that track the CoinDesk 20 index, marking the firm’s first foray into broader crypto exposure beyond Bitcoin.
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Wood’s latest move marks her company’s first foray into broader crypto exposure beyond Bitcoin. The proposed ETF would track the daily performance of the CoinDesk 20 index. WisdomTree filed for registration of the CoinDesk 20 fund in Delaware on September 22nd.
Rather than owning cryptocurrencies directly, the proposed ETF would track the daily performance of the CoinDesk 20 Index using regulated futures contracts, according to a regulatory filing.
One fund includes Bitcoin alongside major altcoins such as Ether, Solana, XRP, and Cardano, while the second product excludes Bitcoin entirely by combining long index futures with short Bitcoin futures.
Both funds plan to list on NYSE Arca, positioning ARK alongside other companies as competition for diversified crypto exchange-traded fund (ETF) products intensifies.
WisdomTree filed registration for the CoinDesk 20 fund in Delaware on September 22, 2025, a preliminary step towards a US ETF tracking the CoinDesk 20 index, which covers the largest cryptocurrencies by market capitalization.
Meanwhile, ProShares filed an SEC filing for the ProShares CoinDesk Crypto 20 ETF on October 22, 2025, seeking approval for a diversified crypto ETF that tracks the same index through derivatives rather than direct holdings.
