Odaily Planet Daily News Cathie Wood's Ark Investment Management has withdrawn from the competition related to Ethereum spot ETFs. According to a revised prospectus (i.e. S-1) submitted to the U.S. SEC late Friday, Ark's name has been removed from the Ethereum spot ETF application submitted by Ark in cooperation with 21Shares. The name of the fund has been changed from Ark 21Shares Ethereum ETF to 21Shares Core Ethereum ETF. An ARK spokesperson said via email: "At present, ARK will not continue to advance the Ethereum ETF. We will continue to evaluate effective ways to expose our investors to this innovative technology and give full play to its advantages." Prior to this, Ark worked with 21Shares to become one of the 11 U.S. issuers that successfully launched a spot Bitcoin ETF earlier this year. 21Shares said in a statement: “We are enthusiastic about the recent SEC 19b-4 approval (of the Ethereum Spot ETF) and are committed to increasing access to cryptocurrency as an asset class for U.S. investors. 21Shares and ARK remain committed partners for the ARK 21Shares Bitcoin ETF, which launched in January, as well as our existing lineup of futures products.” (Bloomberg)