Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ETHEREUM NEWS»Ark Invest Proposes Ethereum ETF to Stop Staking on 21Shares Spot
ETHEREUM NEWS

Ark Invest Proposes Ethereum ETF to Stop Staking on 21Shares Spot

By Crypto FlexsMay 11, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ark Invest Proposes Ethereum ETF to Stop Staking on 21Shares Spot
Share
Facebook Twitter LinkedIn Pinterest Email

Ark Invest and 21 Shares withdrew their staking plans from their updated spot Ethereum ETF offerings on May 10.

The company’s previous filing on February 7 added a provision detailing the sponsor’s (21 shares) intention to hold a portion of the fund’s assets as equity through a third-party provider.

21 shares expected to receive ETH as staking rewards and planned to treat the profits as income generated by the fund. The document acknowledged the risks that may arise from staking, including losses due to fine cuts during bonding and unbonding and funds becoming inaccessible.

The relevant section has been removed in the latest submission. We maintain a broader opinion, including the potential losses other validators may incur due to staking and the impact of staking on the price of ETH.

Bloomberg ETF analyst Erich Balchunas suggested the change may be an attempt to shape the application documents “based on SEC comments,” but noted that there were no comments on the application. He suggested that the change could act as a “Hail to Our Lady” or simply provide the SEC with less information on which to base a rejection.

SEC decision imminent

The SEC is expected to approve or reject various spot Ethereum proposals within the next two weeks.

Regulators must decide on VanEck’s Spot Ethereum application starting May 23, followed by Ark and 21Shares’ applications on May 24. However, the agency is expected to decide on all similar and competing applications simultaneously.

Expectations for approval are low. Polymarket odds give a 10% chance of a spot Ethereum ETF gaining approval by the end of the month, up slightly from 7% last week.

Some competing applications include similar offers involving ETH staking. Franklin Templeton and Fidelity added staking possibilities to their February filings, and Grayscale added staking possibilities to their March filings.

Mentioned in this article
author

mike dalton

Journalist at CryptoSlate

Before switching to cryptocurrency writing in 2018, Mike studied library and information science. He currently resides on the west coast of Canada.

editor editor

Assad Jafri

Editor and Reporter at CryptoSlate

A passionate journalist since the Arab Spring in Yemen in 2011, AJ has been honing his skills globally for over a decade. Specializing in financial journalism, he currently focuses on cryptocurrency reporting.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Protocol Update 001 -scale L1

August 7, 2025

Stablecoins are finally legal

August 3, 2025

Asia Morning Briefing: SEC’s in -kind BTC, ETH ETF reduction shift occurred in Hong Kong a few years ago.

July 30, 2025
Add A Comment

Comments are closed.

Recent Posts

Did you miss the TRON ‘S (TRX) 100X? Ruvi AI (Ruvi)

August 9, 2025

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025

The New Bybit Web3 Is Here–Fueling On-Chain Thrills With $200,000 Up For Grabs

August 8, 2025

Stella (XLM) Eye 35% Rally and Ripple and SEC END 5 years legal battle

August 8, 2025

Builders Are Proving What’s Possible With CARV’s AI Stack

August 8, 2025

Caldera Announces Partnership With EigenCloud To Integrate EigenDA V2

August 7, 2025

Are Monero in danger? Five orphan blocks were found during the Cubic Mining War.

August 7, 2025

One Card To Seamlessly Bridge Web3 Assets And Real-World Spending

August 7, 2025

Coinbase’s USDC fee, encryption or other banks?

August 7, 2025

Protocol Update 001 -scale L1

August 7, 2025

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Did you miss the TRON ‘S (TRX) 100X? Ruvi AI (Ruvi)

August 9, 2025

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025

The New Bybit Web3 Is Here–Fueling On-Chain Thrills With $200,000 Up For Grabs

August 8, 2025
Most Popular

Hong Kong-based asset management firm VSFG aims to launch spot Bitcoin ETF in May

March 28, 2024

Aave considers Chainlink integration to return MEV fees to users.

December 24, 2024

Ethereum price surpasses $3,100: Mega wedge breakout imminent

February 26, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.