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Empowered files for Ark and 21Shares-branded bitcoin futures ETFs

One of the three funds will serve as an underlying ETF of the other two, filings show

Empowered Funds has filed to launch three bitcoin futures ETFs that will use the Ark Invest and 21Shares brands in their names.

Although the ETFs will use the 21Shares and Ark brands, those two firms will function as the funds’ subadviser and sub-subadviser, respectively.

Empowered, a subsidiary of Alpha Architect doing business as EA Advisers, will serve as the funds’ adviser.

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