21Shares & Cathie Wood’s ARK File for US Spot-Ether ETF!

Creator: Mustafa Mulla Sep 7, 2023 10:14

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.

Crypto companies 21Shares and ARK Funding Administration have filed for the primary US exchange-traded fund to take a position straight in Ether. The ARK 21Shares Ethereum ETF, if authorised by the Securities and Alternate Fee, can be the primary US ETF to be bodily backed by the second-largest cryptocurrency, and would commerce beneath the ticker ARKE. The submitting comes as expectations for SEC approval of cryptocurrency ETFs rise following a current courtroom ruling in favor of Grayscale Investments, which led to the fund supervisor reintroducing a Bitcoin belief as a SEC reporting agency.