Ark Files SEC Registration for Crypto ETF Tracking Top 20 Digital Assets Through Futures

2026-01-25 06:20:15

Source: CryptoNewsNet Original Title: Ark Files SEC Registration for Crypto ETF Benchmark Led by BTC, ETH, XRP Original Link: https://cryptonews.net/news/finance/32331625/ Ark Investment Management LLC filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on January 23 for the Ark Coindesk 20 Crypto ETF, detailing plans for a futures-based exchange-traded product offering diversified exposure to major crypto assets.

Structure and Design

The filing outlines a Delaware statutory trust structured as a continuously offered commodity pool designed to track the daily performance of the Coindesk 20 Index through regulated futures contracts. The index is described as a broad-based benchmark intended to measure the performance of the top 20 crypto assets by market capitalization, excluding stablecoins, memecoins, privacy tokens, and certain other classifications under the index provider’s methodology.

Index Composition

As of December 31, 2025, bitcoin, ethereum, XRP, solana, and cardano represented approximately 88.15% of the index’s total weight, while the remaining allocation was spread across 15 additional crypto assets, each weighted below 3% and each exceeding $1 billion in market capitalization at that date.

Key Features

The product does not offer direct ownership of crypto assets and instead relies on futures markets and benchmark pricing mechanisms. As the filing states, investors seeking direct exposure to the price of crypto assets should consider an investment other than this trust. However, the trust may have indirect exposure to crypto assets through its investments in index futures.

Settlement pricing for the index futures relies on Coindesk Benchmark Reference Rate Settlement Calculations, which use a volume-weighted average of five-second pricing intervals between 3 p.m. and 4 p.m. London time. The approximate notional value of the index futures contract as of December 31, 2025 was $26,751. The structure reflects Ark’s approach to providing diversified crypto market exposure through regulated futures infrastructure rather than direct custody of digital assets.

BTC-1%

ETH-1,73%

XRP-0,89%

SOL-3,45%

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