Cathie Wood’s Ark Investment Management has withdrawn from the race to launch a spot ether exchange-traded fund (ETF), as its name was removed from the application filed with 21shares. The ETF, now renamed 21shares Core Ethereum ETF, reflects Ark’s decision not to pursue the ether ETF at this time. Despite this, Ark remains committed to its successful spot bitcoin ETF, which ranks fourth in assets. The SEC recently approved 19b-4 filings for spot ether ETFs, but S-1 statements still require approval. 21shares and Ark will continue their partnership on the spot bitcoin ETF. Other issuers, like Franklin Templeton and Fidelity, also filed revised S-1 statements.
Cathie Wood's Ark Invest Halts Spot Ethereum ETF Plans
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