#News# Cathie Wood's Ark Investment Management announced its withdrawal from the Ethereum spot ETF competition. According to the latest prospectus submitted to the US SEC, Ark's name has been removed from the Ethereum spot ETF application submitted in cooperation with 21Shares, and the fund name has also been changed from Ark 21Shares Ethereum ETF to 21Shares Core Ethereum ETF. Ark said it will no longer promote the Ethereum ETF, but will still find effective ways to expose investors to this innovative technology. 21Shares said that despite Ark's withdrawal, the two parties will continue to cooperate and are committed to increasing opportunities for cryptocurrency as an asset class for American investors. What do you think of this change? Welcome to leave a message in the comment area to discuss.