Cathie Wood's Ark Invest has faced criticism for reportedly destroying $14 billion in wealth over the past decade, according to Morningstar. This has sparked a wave of negative comments on social media. Meanwhile, Ark Invest, in collaboration with 21Shares, has updated its application for a spot Ethereum exchange-traded fund (ETF) to allow for cash creations, similar to the approach taken with the previously approved spot Bitcoin ETF. This move is seen as a step closer to the approval of a spot ETF for Ethereum.
Cathie Wood's #ARK Invest Updates Ether ETF Filing, Introduces Cash Mechanism #spotetheretf https://t.co/IDaRAM4RrK
ARK 21Shares has recently adjusted its application for a spot Ethereum exchange-traded fund (ETF), shifting towards a cash-creation model akin to its previously approved spot Bitcoin ETF https://t.co/d5mOQrI4PW
ARK Invest and 21Shares discussed the cash creation and redemption process in their latest Ethereum spot ETF filing, whereby authorized participants will only deliver cash to create shares and will only receive cash when redeeming shares. The updated document also mentions…
ICYMI: ARK Invest and 21Shares address cash creation and redemption process in latest spot Ethereum ETF filing https://t.co/DY3Zk7JMUJ
BULLISH NEWS: Ark just updated their Ethereum ETF application One step closer to a spot ETF being approved! https://t.co/764VD0WqYh
ARK Invest and 21Shares address cash creation and redemption process in latest spot Ethereum ETF filing https://t.co/anoHmG6DxW
BREAKING: ARK/21Shares has updated its Spot Ethereum ETF application to potentially stake a portion of the Trust's assets using external staking services. Super bullish on ETH!🚀
The price of #ether is on the move as ARK Invest/21shares amend their spot ETH ETF application to allow for cash creations - similar to moves made by the spot BTC ETF applicants prior to those funds winning regulatory approval. @sndr_krisztian reports https://t.co/zY6lOUstzj
[TREE DAO] ARK/21Shares amends Spot Ethereum ETF Application; may Stake a portion of the Trusts's assets through third-party Staking providers.
HERE WE GO AGAIN: ARK/21Shares has just filed an amended S-1 for their spot Ether ETF, looks like they updated to be only cash creations and some other things that bring it in line w the recently approved spot btc etf prospectus.. https://t.co/clN2oZmA6I
$ARKK Cathie Wood's Ark Invest has destroyed $14 billion in wealth over the past decade, Morningstar says - MI https://t.co/P8PJhpr0jO
Cathie Wood's Ark Invest Lost More Than $14B In Wealth Over Past Decade" https://t.co/DrzD6hke5m Nice job, Scamstress Cathie! And a hat tip to @CNBC for putting this bimbo on TV 24-7! Great job sucking those billions into the $ARKK vaporization chamber!
Cathie Wood and Ark Invest's trade activity from today 2/6 https://t.co/TEokmKf7pb
“Now I am become Cath. The destroyer of wealth” Ark Investments tops Morningstar list of 'wealth-destroying ETF issuers -report https://t.co/djvVHITkq3
Cathie Wood's Ark Invest has destroyed $14 billion in wealth over the past decade, Morningstar says https://t.co/PE0FDDYMjX