Cathie Wood of Ark Invest just surprised everyone by dropping out of the race to launch a spot $ETH ETF. Originally, they were working with 21Shares, but now their name's gone from the application. 🤯👀

So, what's the deal? 🤷‍♂️

Well, Ark says they're still gung-ho about Ethereum's potential and want to find ways for investors to jump on board. An #ETHETFS just isn't the answer for them right now.

Think of it like this: Ark wants to give you the keys to the Ethereum kingdom, but maybe an ETF isn't the perfect fit just yet.🫷🙅They're still figuring out the best way to unlock all the benefits of Ethereum for investors. 😅

Good news for $BTC fam though! Ark's Bitcoin ETF (ARKB) is still going strong, ranking high in the asset department. 💪🪙

The Ether ETF race is still on! Even though Ark is out, there are other players like Fidelity and VanEck still in the running. The SEC gotta give the final thumbs up first, so the wait continues.

What do you think, crypto fam? 🫡👇 Will Ark find a new way to bring Ethereum to investors? Let us know in the comments! DYOR! #altcoins