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ARK Innovation ETF tokenized stock FTX

ARKK

Price
$36.45
12/4/2022, 6:06:58 PM
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ARK Innovation ETF tokenized stock FTX price is unchanged in the past week.

The current price is $36.45 per ARKK. The new price represents a new all time high of $36.45.

About

What Is ARK Innovation ETF tokenized stock FTX (ARKK)?

ARKK is Exchange Traded Fund (ETF) tokenized stock that aims to achieve long-term capital growth by funding under normal circumstances. Tokenized stocks are the stocks that users purchase using cryptocurrency or traditional currencies on FTX. FTX is an advanced digital asset trading platform developed for customers with an easy-to-use interface.

Further, FTX is a cryptocurrency exchange platform developed by traders. The platform aims to offer new and innovative products, including industry-first derivatives, options, volatility products, and leveraged tokens. According to the FTX website, the exchange platform strives to develop a powerful ecosystem for professional trading firms and beginners. Moreover, the FTX platform for tokenized stocks aims to offer users the following:

  • Easier and cheaper to trade tokenized stocks vs. real stocks.

  • Unlike the stock market, users can trade tokenized stocks 24/7.

  • Tokenized stocks backed 1:1 to traditional stocks, entitling holders to the same economic benefits of owning the underlying stock. ARKK is a token version of ARK Innovation ETF that allows users to trade and manage stocks using cryptocurrency. Besides this, users can identify disruptive innovation projects, select yield-generating portfolio companies, define their potential universe of funding, and monitor conviction and market volatility using the ARKK token. Consequently, to trade ARKK tokenized shares on FTX, users need to complete at least level 2 Know Your Customer (KYC). At the first level, users need to submit all KYC documents, and at the second, users need to allow FTX Switzerland monitors to access their IP addresses for trading compliance.

Additionally, holding ARKK tokenized shares on FTX entitles users to dividends on the underlying shares. However, FTX takes all reasonable actions to have the tokens on FTX reflecting the underlying stock's corporate actions, including dividends and stock splits, with no voting rights to these shares.

History of ARK Innovation ETF tokenized stock FTX (ARKK)

The CEO and the founder of FTX is Sam Bankman-Fried. Besides this, Catherine Wood is the CIO and portfolio manager who registered ARK Investment Management LLC ("ARK") as a financial advisor in January 2014 with six active ETFs.

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FAQ

What is the current price of ARK Innovation ETF tokenized stock FTX?

The price of 1 ARK Innovation ETF tokenized stock FTX currently costs $36.45.

What other assets are similar to ARK Innovation ETF tokenized stock FTX?

Assets that have a similar market cap to ARK Innovation ETF tokenized stock FTX include Ethereum 2, Ethereum, Tether, and many others. To see a full list, see our comparable market cap assets.