The two firms — already pursuing a slew of other crypto funds — join the effort for yet-to-be approved products that hold ETH futures contracts
Fund group’s $21B portfolio allocates 5% of its assets to the crypto exchange.
Ark Invest is the largest holder of Grayscale’s Ethereum Trust.
There are no guidelines set by the SEC regulating what funds can be labeled ESG, meaning issuers can select any holdings, and investors looking to do good should check under the hood.
While many were hopeful that SEC Chairman Gary Gensler would take a more favorable approach to crypto, little seems to have changed since he started the role in April.
Firm adds shares to pair of ETFs with nearly $30 billion of combined assets under management.