ARK Invest Enters Broader Crypto ETFs With CoinDesk 20

• The filing numbers are continuously increasing, showing a surged interest of institutional investors.
• Other companies, such as 21Shares, have also updated filings for funds associated with various crypto assets. 

The American investment management firm ARK Invest has filed with U.S. regulators to roll out two crypto index exchange-traded funds associated with the CoinDesk 20 index, highlighting the first push of the company into wider crypto exposure after Bitcoin. 

As per the regulatory filing, the given ETFs would trace down the daily performance of the CoinDesk 20 index, leveraging regulated futures contracts instead of holding crypto directly. A single fund would consist of Bitcoin with other prominent altcoins like Ether, Solana, XRP and Cardano. 

Meanwhile, the second product will keep out Bitcoin completely by pairing long index futures with short Bitcoin futures. Both funds are anticipated for NYSE Arca listing, placing ARK along with other companies as competition escalates for diversified crypto exchange-traded fund (ETF) offerings. 

Other Firm’s Filings 

On September 22 last year, WisdomTree filed its registration for a CoinDesk 20 Fund in Delaware, marking an initial step toward a U.S. ETF associated with the CoinDesk 20 index that covers the biggest cryptocurrencies by market cap.

At the same time, ProShares also gave its SEC filing for the ProShares CoinDesk Crypto 20 ETF on October 22, 2025, looking for an approval for a diversified crypto ETF that would trace the same index through derivatives instead of direct holdings. 

Apart from these, VanEck also revised its Solana ETF proposal, cutting fees to surge its appeal. Now, it is listed on the Cboe BZX Exchange, highlighting a major step in taking Solana-based investment. 

Other companies, such as 21Shares, have also updated filings for funds associated with various crypto assets. REX-Osprey is also a part of the competition, having filings for ETFs tracking altcoins like ADA, XLM and SUI. 

The filing numbers are continuously increasing, showing a surged interest of institutional investors. In July, Cboe BZX filed to list a Solana ETF that would offer direct exposure to SOL. The objectives of these products are to provide greater exposure and restrict the risks associated with individual asset investments. 

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