Cathie Wood’s Ark Invest Files for Multiple Innovative Bitcoin ETFs Amid Growing Market Demand

Cathie Wood’s asset management firm, Ark Invest, has filed several new Bitcoin exchange-traded fund (ETF) applications with the U.S. Securities and Exchange Commission (SEC), signaling a continued push into the digital asset investment space. The filings, submitted on October 14, follow the SEC’s recent approval of generic listing standards for crypto ETFs, marking another step forward for mainstream cryptocurrency adoption.

Among the newly proposed funds are the ARK Bitcoin Yield ETF, ARK DIET Bitcoin 1 ETF, and ARK DIET Bitcoin 2 ETF. The ARK Bitcoin Yield ETF is designed to generate steady income for investors through Bitcoin-linked strategies such as selling options and collecting premiums. The fund aims to balance yield generation with lower volatility exposure and may allocate up to 25% of its total assets to Ark Invest.

The ARK DIET Bitcoin 1 ETF offers investors 50% downside protection while allowing participation in upside movements after a 5% increase in Bitcoin’s price. Meanwhile, the ARK DIET Bitcoin 2 ETF provides a 10% downside buffer and captures potential gains when Bitcoin’s value surpasses its starting price during each outcome period. These structured ETFs are part of Ark’s effort to provide diversified Bitcoin investment products catering to varying risk profiles.

The filings come shortly after BlackRock introduced its iShares Bitcoin Premium Income ETF, which also targets yield-focused investors. This growing wave of Bitcoin ETF launches underscores increasing institutional interest in cryptocurrency-based income strategies.

Meanwhile, Ark Invest’s 21Shares Bitcoin ETF (ARKB) recently saw $6.8 million in inflows, contributing to a broader $102.7 million surge across U.S. spot Bitcoin ETFs. Despite this, Bitcoin’s price slipped below $113,000 amid heightened volatility and shifting expectations surrounding potential Federal Reserve rate cuts. Trading volume spiked by 30% as investors responded to Jerome Powell’s latest economic guidance, while BTC futures open interest dropped 2% to $72.74 billion, signaling cautious optimism in the derivatives market.