#Ethereum #etfeth #​​​🤓 ARK Invest refused to launch ETFs on Ethereum

ARK Invest has abandoned cooperation with 21Shares to launch a spot Ethereum ETF.

In the new Form S-1, the name of the fund was changed to 21Shares Core Ethereum ETF.

“ARK believes in the transformative potential and long-term value of the Ethereum blockchain, but ARK will not be moving forward with an Ethereum ETF at this time. We will continue to evaluate effective ways to provide our investors with access to this innovative technology in a way that unlocks its full benefits,” the company said.

Previously, issuers were forced to remove staking from their ETF applications.