Ark Investment Management, led by Cathie Wood, has pulled out of the competition to launch a spot ether exchange-traded fund (ETF). As a result, their name has been removed from the application filed with 21shares. The ETF has now been renamed as the 21shares Core Ethereum ETF, indicating Ark’s decision to not pursue the ether ETF at this moment. Despite this, Ark remains dedicated to their successful spot bitcoin ETF, which currently holds the fourth position in terms of assets. While the SEC has recently approved 19b-4 filings for spot ether ETFs, the approval for S-1 statements is still pending. 21shares and Ark will continue their partnership for the spot bitcoin ETF. Other issuers, including Franklin Templeton and Fidelity, have also submitted revised S-1 statements.
