ARK Invest, led by CEO Cathie Wood, decided to abandon plans for a spot Ethereum ETF and focus on other investment opportunities in Ethereum technology. This decision comes after ARK was removed from the file and name of the ETF, with 21Shares now working on a spot Ethereum ETF independently.
Ark Invest drops plans for a Spot Ethereum $ETH ETF https://t.co/VhpxiyA2gx
$ETH #Bitcoin | Cathie Wood's Ark Investment Drops Plans For Spot-Ether ETF, Says It Will Focus On Spot Bitcoin ETF Instead • Ark Investment abandons its Ether ETF project, shifting the focus towards other investment opportunities in Ethereum technology. • Earlier this year,… https://t.co/JgBoH0dy9l
Ark Invest opts out of spot Ethereum ETF https://t.co/6eXzIctIvE
21Shares is currently working on a spot Ethereum ETF on its own, and ARK has been removed from the file and name. ARK issued a statement about not conducting ETH spot business. ARK said it believes in the long-term value of Ethereum, but will not advance the Ethereum ETF at…
.@ARKInvest CEO @CathieDWood said crypto is now a U.S. election issue, which is why key documents for the proposed ether exchange-traded funds (ETF) were approved suddenly and unexpectedly. Wood also said that while a solana ETF could be approved, meme coin-focused funds are… https://t.co/EpOun6KJC1