In the Margins

Bitcoin powers pair of Ark ETFs

January 10, 2018

By The Wall Street Journal

Bitcoin boosted the returns of two Ark Investment Management exchange-traded funds last year, signaling that some fund companies aren’t waiting for regulators to approve a U.S. fund devoted exclusively to the cryptocurrency. Bitcoin is the largest holding of the two Ark ETFs, which returned more than 97% since the end of 2016, according to FactSet. Read the original story from The Wall Street Journal.