Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
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ARK Invest, led by Cathie Wood, has withdrawn from the race to launch an exchange-traded fund (ETF) that would invest directly in Ether, the second-largest cryptocurrency.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 prices return to green -building exercise for more profits

June 26, 2025

Dogecoin (DOGE) after collision

June 23, 2025

Litecoin Key Support in Focus Price Eye Brake Out Determination

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 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

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

EigenDA supports dual quorum disclosure and production traffic

May 22, 2024

Will Bitcoin Price Drop 8%, Sweep Weekly Gains, Support Bears?

December 11, 2023

Discover Number Eight in Totem Guardians Dream Drop Slot

March 30, 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.