The ARK CoinDesk 20 Crypto ETF is a proposed exchange-traded fund from ARK Investment Management LLC. It would give investors exposure to the CoinDesk 20 Index through regulated, cash-settled futures. The fund is structured as a Delaware statutory trust and would operate as a commodity pool. Shares are expected to list on NYSE Arca, and the ticker has not yet been disclosed. The trust would not hold crypto assets directly. Instead, it would take long positions in CoinDesk 20 Index futures traded on ICE Futures U.S. and keep its remaining assets in cash and U.S. Treasury instruments as collateral.

The CoinDesk 20 Index tracks the 20 largest digital assets by market capitalization, including bitcoin, ether, XRP, solana and cardano. Stablecoins, memecoins and certain other asset categories are excluded. Constituents must also meet exchange listing and liquidity requirements. The index is rebalanced quarterly and is widely used as a benchmark for the broader crypto market. ARK filed alongside this product for a companion fund, the ARK CoinDesk 20 ex-Bitcoin Crypto ETF.