ETF Bitcoin Ark 21Shares Reaches Value of 1 Billion US Dollars!

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Bittime  - One of the world's most popular crypto investment products,the Ark 21Shares Bitcoin ETF, has reached a milestone by surpassing 1 billion US dollars in value on February 14, 2024.

This ETF is a collaboration between Ark Invest, an asset management company led by Cathie Wood, and 21Shares, a crypto product provider company based in Switzerland.

This ETF was launched on January 10, 2024 on the Cboe BZX exchange, and became the first Bitcoin ETF to receive approval from the US Securities and Exchange Commission ( SEC ). 

This ETF offers investors who want to participate in the Bitcoin market easy, safe and regular access without having to buy, store or transfer Bitcoin directly.

This ETF tracks Bitcoin's performance, as measured by the CME CF Bitcoin Reference Rate – New York Variant, which is adjusted for the ETF's fees and liabilities. This ETF has an expense ratio of 0.21%, which is lower than similar products on the market. 

This ETF also uses cold storage, which is the practice of storing Bitcoin in an offline environment that is protected from online threats such as hacking and theft.

Also read:

What is Bitcoin?

Bitcoin is the first and largest digital currency in the world, which was launched in 2009 by a person or group using the pseudonym Satoshi Nakamoto . 

Bitcoin operates without a central authority or bank, and uses blockchain technology , which is a decentralized ledger that records all transactions that occur on the network.

Bitcoin has huge growth potential, as it is considered an established digital store of value with a broad user base and liquidity. At the time this article was written, the price of Bitcoin was around 818 million rupiah per coin, with a market capitalization of more than 15.9 trillion US dollars. 

Bitcoin also has a low correlation with traditional assets, so it can add diversification to an investor's portfolio.

What Is the Ark 21Shares Bitcoin ETF?

The Ark 21Shares Bitcoin ETF is one of the crypto products offered by Ark Invest, known as one of the most innovative and visionary asset management companies in the world. 

Ark Invest focuses on investing in sectors that are being disrupted by technology, such as biotechnology, robotics, renewable energy and crypto. Ark Invest is led by Cathie Wood , dubbed the stock market's "rock star" by the media.

21Shares is a crypto product provider company based in Switzerland, which offers a wide range of products related to Bitcoin, Ethereum, Ripple and other crypto assets. 21Shares is on a mission to make crypto investing easy, transparent and affordable for everyone. 21Shares has launched more than 20 crypto products on various exchanges in Europe and the US.

The 21Shares Ark Bitcoin ETF is a huge win for the crypto industry. This is because this ETF shows that crypto products can meet strict regulatory and market standards. 

This ETF also opens up opportunities for retail and institutional investors to participate in the Bitcoin market in a simpler and more efficient way. This ETF is expected to increase adoption and demand for Bitcoin, as well as increase the legitimacy and credibility of crypto as an investment asset.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements  of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

What is Bitcoin?

What is a Bitcoin ATM?

What Are Bitcoin DApps?

Potential Impact of Bitcoin ETF Approval

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.