Ethereum
Cathie Wood’s Ark Investment abandons Spot-Ether ETF ambitions
Cathie Wood’s Ark Investment Management just abandoned the Wall Street race to launch an ETF that invests directly in Ether, the second largest cryptocurrency.
Ark’s name was removed from a spot-Ether exchange-traded fund application that the company had filed in partnership with 21Shares, according to a amended prospectusBloomberg Terminal document known as the S-1 filed late Friday with the U.S. Securities and Exchange Commission. The name of the fund was changed to 21Shares Core Ethereum ETF from Ark 21Shares Ethereum ETF.