Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Breaking: Etherscan Acquires Solana Explorer Solscan, Fuels Web3 Expansion

    January 10, 2024

    Opera Browser Finalizes Integration of MultiversX on Mobile and Desktop Platforms

    May 20, 2023

    Casper blockchain network launches $25M grant to support developers

    May 20, 2023
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      Coinbase CEO’s Crypto Regulatory Meetup in London

      June 17, 2025

      Europe wants to knock off China and US in Southeast Asia, but its just not as appealing

      June 16, 2025

      Bybit Launches Byreal DEX – Is This the Start of a DeFi Pivot?

      June 15, 2025

      8,000 Bitcoins awaken after 5 years – Whale strategy or ETF play?

      June 14, 2025

      Bitcoin’s High Euphoria Spurs UK Company’s $4.7 Million Buy

      June 12, 2025
    • Technology

      Comment on Crypto Market Outlook: Bitcoin Reclaims $107K while ETH Climbs to $2.6K by Pump.fun X Account Suspended as X Cracks Down on the platform

      June 17, 2025

      Ripple’s Role Expands as UAE’s Trojena Project Integrates Blockchain and Tokenized Assets

      June 16, 2025

      Ripple And Japan’s Web3 Salon Spark Asia Innovation

      June 15, 2025

      Small caps, big moves: These altcoins outshine Bitcoin

      June 14, 2025

      Comment on Hacker Behind $2M Crypto Hack Offered Role by Targeted Protocol by James Cyrus

      June 13, 2025
    • Learn/Guide

      DayDayCook to raise up to $528 million for Bitcoin treasury expansion

      June 17, 2025

      Justin Sun’s Tron set to go public in US in deal backed by Eric Trump-linked firm: FT

      June 16, 2025

      Bybit to launch Byreal, its first onchain DEX on Solana, on June 30

      June 15, 2025

      Invesco, Galaxy Digital file to launch Solana ETF in Delaware amid SEC approval buzz

      June 14, 2025

      Cardano founder Charles Hoskinson proposes converting $100M ADA to Bitcoin and stablecoins

      June 13, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » ARK Invest opts out of Ethereum spot ETF, explores alternative paths: Report
    Learn/Guide

    ARK Invest opts out of Ethereum spot ETF, explores alternative paths: Report

    June 2, 20244 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    ARK Invest opts out of Ethereum spot ETF, explores alternative paths: Report
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Share this article



    Spot Ethereum exchange-traded funds (ETFs) have seen several developments this week following listing approval on May 23. The most remarkable is that Cathie Wood’s ARK Invest suspended its spot Ethereum ETF plans. An ARK spokesperson stated in an email that it would seek better investor opportunities.

    “At this time, ARK will not be moving forward with an Ethereum ETF,” the spokesperson stated. “We will continue evaluating efficient ways to provide our investors with exposure to this innovative technology in a way that unlocks its full benefits.”

    The comments follow 21Shares’s updated S-1 form for its Ethereum product, which no longer names ARK Invest as the ETF’s partner. The proposed ETF has also been changed from Ark “21Shares Ethereum ETF” to “21Shares Core Ethereum ETF.”

    ARK Invest cooperated with 21Shares in pursuing a regulatory nod to launch a spot Bitcoin fund. The two asset management firms expanded their partnership, applying to offer spot Ethereum ETF in September last year. At the time, the SEC’s decision on spot Bitcoin ETFs was still on hold.

    After getting the SEC’s approval in January, their spot Bitcoin ETF, ARK 21Shares Bitcoin ETF (ARKB), debuted trading on the CBOE on January 11. As of May 31, ARKB holds around $3.2 billion in Bitcoin (BTC).

    While Ark shelves its Ethereum ETF plans for now, the company affirms its continued commitment to its Bitcoin ETF.

    “21Shares and ARK remain committed partners on the ARK 21Shares Bitcoin ETF, which launched in January, as well as on our existing lineup of futures products,” 21Shares confirmed in a statement.

    Spot Ethereum ETF filings: Weekly roundup

    This week’s highlight is the updated S-1 forms from ETF issuers. At press time, all eight issuers had submitted their required filings to the SEC.

    The S-1 amendment from VanEck was filed on the day of approval. BlackRock followed suit with an updated filing earlier this week. Other issuers also sent their amended filings by Friday, the due date set by the SEC.

    Hashdex’s proposed Ethereum ETF was withdrawn on May 24, one day after the SEC greenlit the other eight funds, except for Hashdex’s. Hashdex was also the only issuer without an amended 19b-4 filing ahead of the Ethereum ETF decision.

    Fidelity is the only issuer that discloses its management fee in its updated filing. Its planned fee is 0.19%.

    The next step involves the SEC reviewing and providing feedback on the filings. According to a source with knowledge of the situation, this process could entail at least two additional rounds of revisions to the S-1 documents.

    Share this article


    Follow Crypto Briefing on Google News

    The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

    Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight – and oversight – of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

    You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

    See full terms and conditions.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    DayDayCook to raise up to $528 million for Bitcoin treasury expansion

    June 17, 2025

    Justin Sun’s Tron set to go public in US in deal backed by Eric Trump-linked firm: FT

    June 16, 2025

    Bybit to launch Byreal, its first onchain DEX on Solana, on June 30

    June 15, 2025

    Invesco, Galaxy Digital file to launch Solana ETF in Delaware amid SEC approval buzz

    June 14, 2025
    Top Posts

    Nigeria regulator says Binance not registered and must stop soliciting investors: Reuters

    June 10, 2023

    Ethereum whales face liquidation risk as ETH prices fluctuate

    March 30, 2025

    New York resident confesses to hacking Bitfinex in 2016

    August 3, 2023

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    Coinbase CEO’s Crypto Regulatory Meetup in London

    June 17, 2025

    Europe wants to knock off China and US in Southeast Asia, but its just not as appealing

    June 16, 2025

    Bybit Launches Byreal DEX – Is This the Start of a DeFi Pivot?

    June 15, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.