The approval of a spot Bitcoin ETF by the US SEC is eagerly awaited by the whole finance industry, including traditional and cryptocurrency.

A new “suite” of exchange-traded funds (ETFs) from Cathie Wood’s Ark Invest is about to launch, so preparations are in full swing. The asset management firm has teamed up with 21Shares, the biggest cryptocurrency ETP issuer in the world, in order to achieve this goal.

As per Ark Invest, investors seeking to diversify their portfolios will have a plethora of options with the suite. Regarding the upcoming suite, which it claims will allow clients to make strategic investments, 21Shares feels similarly to Ark Invest. In a statement, the company says:

The suite’s goal is to provide long-term capital growth by making wise investments in Bitcoin and Ethereum futures contracts and blockchain technology implementation

The suite, which consists of five products, will start trading on the Chicago Board Options Exchange (Cboe) next week, according to company prospectuses.

Ark has verified that the ETFs will not make direct investments in any digital assets. The company suggested searching elsewhere for any investor seeking direct exposure to any digital asset. In its statement, it says:

“Neither the underlying ETF nor the funds maintain direct exposure to spot bitcoin or invest directly in bitcoin or other digital assets.”

21Shares has also made some inauspicious remarks about the funds. A statement on the company’s website stated that the products would only invest in futures contracts for Bitcoin and Ether, along with a variety of “public submitted a revised ETF application.