"How Not to Invest" Named Best Investment Book of 2025 by Stock Traders Almanac

The book "How Not to Invest: The ideas, numbers, and behaviors that destroy wealth – and how to avoid them" by Barry Ritholtz has been named one of the best investment books of 2025 by Stock Traders Almanac. The book provides a plan to avoid unforced errors, recognize fallacious data, and break bad habits that undermine investment success. It focuses on what can be controlled and encourages a disciplined approach to get rich in the markets.

ARK Invest, a prominent player in the cryptocurrency investment landscape, has filed for three new Bitcoin ETFs with the U.S. Securities and Exchange Commission (SEC) on October 14, 2025. The new ETFs, part of the ARK ETF Trust, aim to provide investors with various strategies for Bitcoin exposure, including income generation and downside protection.

The three ETFs are:
1. ARK Bitcoin Yield ETF: This ETF aims to generate income through options-based strategies such as selling covered calls to collect premiums while maintaining Bitcoin exposure.
2. ARK DIET Bitcoin 1 ETF: This ETF offers 50% downside protection, meaning it absorbs half of any Bitcoin price declines during the quarter. Investors can participate in gains after Bitcoin rises 5% above its starting price for the quarter.
3. ARK DIET Bitcoin 2 ETF: This ETF provides 10% downside protection, covering only one-tenth of Bitcoin price drops during the quarter. Investors can capture gains when Bitcoin trades above its quarterly starting price.

These filings come at a time when the SEC has streamlined its approval process for crypto ETFs, aiming to make decisions within 75 days or less, according to a Parameter article. This represents a significant reduction from the previous timeline, which could see decisions taking more than 240 days.

ARK Invest has been expanding its cryptocurrency product lineup, with Cathie Wood publicly supporting Bitcoin's long-term prospects. The new ETFs are designed to cater to different investor needs and address concerns about cryptocurrency price volatility, which has seen institutional investors seeking more stable investment options.

The three filings are preliminary and require regulatory approval before they can launch. The streamlined approval process may lead to faster product launches, allowing ARK Invest's new Bitcoin ETFs to enter the market sooner.