Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»ARK Invest withdraws application for spot Ethereum ETF with 21 shares
EXCHANGE NEWS

ARK Invest withdraws application for spot Ethereum ETF with 21 shares

By Crypto FlexsJune 1, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
ARK Invest withdraws application for spot Ethereum ETF with 21 shares
Share
Facebook Twitter LinkedIn Pinterest Email

TLDR

  • ARK Invest has ended its partnership with 21Shares on its proposed spot Ethereum ETF.
  • The fund was renamed from Ark 21Shares Ethereum ETF to 21Shares Core Ethereum ETF.
  • ARK Invest and 21Shares will continue their collaboration on other projects such as the ARK 21Shares Bitcoin ETF.
  • The SEC recently approved Form 19b-4 for eight Ethereum ETFs, but issuers still require the S-1 statements to be valid before they can begin trading.
  • Several other issuers, including Franklin Templeton, Fidelity Investments, VanEck and Invesco Ltd., have filed amended S-1 statements for the proposed Ether ETF.

ARK Invest, led by Cathie Wood, has withdrawn from the race to launch an exchange-traded fund (ETF) that would invest directly in Ether, the second-largest cryptocurrency.

An amended prospectus document known as Form S-1 filed with the U.S. Securities and Exchange Commission (SEC) on Friday revealed that ARK’s name was removed from an application for a spot Ether ETF filed in partnership with 21Shares.

Accordingly, the fund name was changed from Ark 21Shares Ethereum ETF to 21Shares Core Ethereum ETF.

Despite the Ethereum ETF’s exit, ARK Invest remains committed to its Bitcoin ETF, the $3.2 billion ARK 21Shares Bitcoin ETF (ticker ARKB), which currently ranks fourth in terms of assets among Bitcoin ETFs.

ARK Statement on Not Doing Eth Spot pic.twitter.com/Z48SMyXvat

— Eric Balchunas (@EricBalchunas) May 31, 2024

The move comes after ARK joined forces with 21Shares, one of the successful issuers that launched a spot Bitcoin ETF earlier this year.

The SEC’s unexpected approval of the 19b-4 filing filed by Cboe Global Markets Inc. to list its spot Ether ETF on exchanges operated by Nasdaq and the New York Stock Exchange has raised market expectations.

However, the issuer is still awaiting regulatory approval of the S-1 statement before trading can begin.

In response to the latest developments, 21Shares expressed enthusiasm for the SEC’s approval and reaffirmed its commitment to increasing accessibility to cryptocurrencies as an asset class for U.S. investors.

. They also highlighted the ARK 21Shares Bitcoin ETF, launched in January, and their ongoing partnership with ARK on their existing futures product lineup.

Several other issuers, including Franklin Templeton, Fidelity Investments, VanEck and Invesco Ltd., have filed amended S-1 statements announcing their intention to launch an Ether ETF.

However, the SEC’s decision on this document has not yet been determined.

Bloomberg ETF analyst James Seyffart believes the approval of a spot Ethereum ETF was likely influenced by political decisions rather than purely financial considerations.

In contrast, cryptocurrency investor and trader Brian Kelly suggested that Solana could become the next cryptocurrency to have a spot ETF in the U.S., following Bitcoin and Ethereum.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

If this happens, you can see a huge price of $ 1.9.

October 3, 2025

What is zero knowledge proof (ZKP)? The upcoming blockchain protocol is redefined for verified truths

September 30, 2025
Add A Comment

Comments are closed.

Recent Posts

Jiuzi Holdings, Inc. Announces Phased Rollout Of $1 Billion Cryptocurrency Acquisition Plan; First Bitcoin Purchase To Be Completed Within Two Weeks

October 8, 2025

Rome Launches Its Genesis NFT Collection “Imperia” On Magic Eden Launchpad

October 8, 2025

BNB price is less than $1,300 on Meme Season Buzz

October 8, 2025

Cryptocurrency trader, OTC fraud claims $ 1.4 million losses, guessing due to KUCOIN deposits

October 7, 2025

Meanwhile, Bitcoin Life Insurer, Secures $82M To Meet Soaring Demand For Inflation-Proof Savings

October 7, 2025

Pepeto Presale Exceeds $6.93 Million; Staking And Exchange Demo Released

October 7, 2025

Eightco Holdings Inc. ($ORBS) Digital Asset Treasury Launches “Chairman’s Message” Video Series

October 7, 2025

Zeta Network Group Enters Strategic Partnership With SOLV Foundation To Advance Bitcoin-Centric Finance

October 7, 2025

Saylor tells MRBAST to buy Bitcoin even after pause the BTC purchase.

October 7, 2025

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 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

Jiuzi Holdings, Inc. Announces Phased Rollout Of $1 Billion Cryptocurrency Acquisition Plan; First Bitcoin Purchase To Be Completed Within Two Weeks

October 8, 2025

Rome Launches Its Genesis NFT Collection “Imperia” On Magic Eden Launchpad

October 8, 2025

BNB price is less than $1,300 on Meme Season Buzz

October 8, 2025
Most Popular

Blackrock has updated the S-1 filing for its Ethereum ETF, taking a step toward launch.

May 30, 2024

Open letter warns about AI, which should also apply to cryptocurrencies

June 7, 2024

How this altcoin rose 100x in less than 24 hours

January 20, 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.