🤓 ARK Invest Removes Staking Provision from Their Spot Ethereum ETF Application

ARK Invest and 21Shares have removed the provision regarding staking from their application for a spot Ethereum ETF.

In the previous application, it was mentioned that the issuer could occasionally allocate part of the assets for staking through one or more trusted providers.

Bloomberg analyst Eric Balchunas suggests that this move might be an attempt to eliminate potential arguments by the Securities and Exchange Commission (SEC) against approving the ETF.