What happened to 21shares Ark invest?

21Shares has submitted a revised application for its Ethereum spot ETF S-1, renaming the fund from Ark 21Shares Ethereum ETF to 21Shares Core Ethereum ETF. Moreover, ARK Invest has ended its collaboration with 21Shares, and the former will no longer have any involvement with the ETF.

Is Ark 21shares a spot bitcoin ETF?

Earlier this year, Ark and 21Shares successfully launched a spot Bitcoin (CRYPTO: BTC) ETF. The $3.2 billion ARK 21Shares Bitcoin ETF (ARKB) ranks fourth in assets, trailing BlackRock Inc. (NYSE: BLK)’s $19 billion iShares Bitcoin Trust (IBIT). Recently, the SEC approved 19b-4 filings by exchanges like Cboe, Nasdaq and NYSE to list spot-Ether ETFs.

What happened to Ark 21shares core Ethereum ETF?

According to a report by Bloomberg, the fund’s name was changed to 21Shares Core Ethereum ETF from Ark 21Shares Ethereum ETF. An Ark spokesperson told the outlet, “At this time, ARK will not be moving forward with an Ethereum ETF.” The spokesperson added that Ark will continue exploring ways to expose investors to Ethereum technology.