arkinvest

ARK Invest Ends Partnership with 21Shares for Proposed Ethereum ETF

The Big Whale

— 1 min read
  • ARK Invest no longer partners with 21Shares for proposed Ethereum ETF.
  • ETF name changed to 21Shares Core Ethereum ETF in amended Form S-1.
  • 21Shares confirms ARK's absence in emailed statement to The Block.
  • ARK and 21Shares still collaborate on ARK 21Shares Bitcoin ETF.
  • SEC approved 19b-4 forms for eight Ethereum ETFs last week.
  • Issuers Franklin Templeton, VanEck, and Invesco Galaxy filed amended S-1 forms.

Summary :
ARK Invest will no longer be a partner with 21Shares for a proposed spot Ethereum fund, according to an amended registration statement filed late Friday. The fund, previously named Ark 21Shares Ethereum ETF, was changed to 21Shares Core Ethereum ETF. 21Shares confirmed the change and stated that ARK Invest will not be serving as a partner for this ETF. However, they will continue to work together on the ARK 21Shares Bitcoin ETF and other existing futures products. The U.S. Securities and Exchange Commission recently approved 19b-4 forms for eight Ethereum ETFs, but the S-1 statements still need to become effective before trading can begin.

Sources :

- TheBlock

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