- The 21Shares Core Ethereum ETF was renamed from the previously known Ark 21Shares Ethereum ETF in a recently modified Form S-1.
- The modification was confirmed later.
According to a revised registration statement submitted late Friday, ARK Invest would no longer be a partner with 21Shares for a proposed spot Ethereum fund.
The 21Shares Core Ethereum ETF was renamed from the previously known Ark 21Shares Ethereum ETF in a recently modified Form S-1.
The spokesman stated that ARK Invest will not be participating in this ETF as the filing data indicate. We are excited about the recent 19b-4 approval from the SEC and dedicated to expanding U.S. investors’ access to cryptocurrency as an asset class.
The representative went on to say that 21Shares and ARK will continue to collaborate on the January-launched ARK 21Shares Bitcoin ETF and other current futures products.
ARK announced in a statement that the company was still dedicated to the ARK 21Shares Bitcoin ETF and will not be pursuing the development of an Ethereum ETF.
According to an ARK representative, while ARK is confident in Ethereum’s capacity for transformation and the long-term worth of the Ethereum network, it will not be launching an Ethereum ETF just yet. We will keep looking at effective ways to introduce this cutting-edge technology to our investors in a way that fully realizes its potential.
Eight Ethereum ETFs had their 19b-4 forms authorized by the U.S. Securities and Exchange Commission last week. Before trading may start, issuers must still wait for their S-1 statements to become effective.
The updated S-1 forms for issuers Franklin Templeton, VanEck, and Invesco Galaxy were filed on Friday.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
