Cathie Wood’s Ark Investment is interested in a Bitcoin exchange-traded fund (ETF).Ark’s total ETF assets under management are currently at $47.8 billion, up from a 2021 low of $42.6 billion at the end of last month. Wood’s firm has taken in $15.8 billion in fresh cash this year.After buying the latest dips on Coinbase (COIN) and Grayscale Bitcoin Trust (GBTC) shares, Ark seeks to lend its name to a Bitcoin ETF.The ETF is called “ARK 21Shares Bitcoin ETF,” which will trade under the ticker ARKB. It will be tracking the performance of the world’s largest cryptocurrency as measured by the S&P Bitcoin Index.Lukka Inc. is the data provider and calculation agent for the Index with the current exchange composition of the Index, including Binance, Bitfinex, Bitflyer, Bittrex, Bitstamp, Coinbase Pro, Gemini, HitBTC, Huobi, Kraken, KuCoin, and Poloniex.US-based 21Shares is an affiliate of Zug, Switzerland-based 21Shares AG, which is listed as a sponsor of the proposed ETF in the SEC filing Monday. For this, Ark Investment will be providing marketing assistance.“This makes a lot of sense because Cathie is on the board of 21Shares, which is a big progressive crypto issuer in Europe,” said Eric Balchunas, ETF analyst for Bloomberg Intelligence.“This gives 21Shares penetration in the U.S. and it’s on-brand for Ark given how vocal and bullish they’ve been on crypto.”Wood joined the board of Amun Holdings, the parent company of 21Shares, in May after personally investing in the company.Regulators, however, have yet to approve a single Bitcoin ETF in the US while several have been filed with the Securities and Exchange Commission (SEC), which recently said that it was seeking more public comment on one such proposal.“I don’t know if it increases the chances of it getting approved, but because she does have a loyal investor following when a Bitcoin ETF does get approved, she wants to be in the race,” said Mohit Bajaj, director of ETFs at WallachBeth Capital.Wood’s ARK Next Generation Internet ETF (ARKW) holds GBTC. Should this Bitcoin ETF get approved, Wood can swap out of GBTC to hold shares of her own ETF, Balchunas said. Grayscale itself is planning to convert its closed-ended fund into an ETF.Bitcoin/USD BTCUSD36,367.9755$2,265.726.23%Volume 37.29 bChange $2,265.72Open$36,367.9755Circulating 18.74 mMarket Cap 681.7 bAnTyAnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.