Bloomberg ETF analyst Eric Balchunas Latest news: ARK will not promote Ethereum ETF for the time being
ARK recently issued a statement saying that although they firmly believe in the transformative potential of Ethereum and the long-term value of blockchain, they will not promote Ethereum ETF at present. ARK said it will continue to evaluate effective methods to provide investors with opportunities to access this innovative technology to fully unleash its advantages.
Bloomberg ETF analyst Eric Balchunas pointed out that 21Shares is currently conducting spot Ethereum ETF business alone, and ARK has been removed from related documents and names. However, ARK remains a partner in Bitcoin and futures ETFs.
This strategy shows that ARK is carefully evaluating market dynamics and investor needs to ensure that investors are provided with the best investment products at the right time.
