ARKW is an exchange-traded fund that invests in companies involved in the development and use of blockchain technology. The fund is managed by ARK Investment Management LLC, a firm that also offers investment products focused on innovation.
Bitcoin is the original and most well-known cryptocurrency. Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units.
Bitcoin was created in 2009 by an anonymous individual or group of individuals under the name Satoshi Nakamoto.
ARKW does not hold any Bitcoin. However, the fund does have exposure to the cryptocurrency through its investments in firms that are involved in its development and use.
These include Coinbase, a digital currency exchange; BitPay, a bitcoin payment processor; and Xapo, a bitcoin wallet provider.