With Bitcoin in the headlines again, blockchain investing is receiving renewed attention. Certain fintech exchange traded funds like the ARK Fintech Innovation ETF ( ARKF ) can help investors marry those two concepts.
The actively managed ARKF invests in equity securities of companies that ARK believes are shifting financial services and economic transactions to technology infrastructure platforms, ultimately revolutionizing financial services by creating simplicity and accessibility while driving down costs.
Home to fintech disruptors such as Square (SQ) and PayPal (PYPL), ARKF offers direct access to companies providing avenues for customers to transact in and buy and sell bitcoin and other digital currencies. But there’s more to the ARKF crypto story.
“On Monday, the Office of the Comptroller of the Currency (OCC) published an interpretive letter addressing INVNs – independent node verification networks, or public blockchains – and stablecoins,” said ARK analyst Yassine Elmandjra in a note. In the letter, the OCC announced that financial institutions will be able to use INVNs to streamline payment functions like processing, validation, and settlement.”