Ethereum

JUST

Vision

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 <p>Ark Invest and 21Shares have filed for the launch of the first-ever US exchange-traded fund (<a rel="noopener noreferrer nofollow" title="ETF" href="https://thebittimes.com/tag/etf.html">ETF</a>) that will directly invest in Ether, the second-largest cryptocurrency. The Ark Invest spot-Ethereum <a rel="noopener noreferrer nofollow" title="ETF" href="https://thebittimes.com/tag/etf.html">ETF</a>, if approved, would mark a historic milestone in the cryptocurrency investment landscape.</p> 
 <p>Unlike recently proposed Ether futures spot-<a rel="noopener noreferrer nofollow" title="ETF" href="https://thebittimes.com/tag/etf.html">ETF</a>s, this offering by Ark Invest and 21Shares will hold Ether itself. This direct investment approach distinguishes the Ark 21Shares Ethereum <a rel="noopener noreferrer nofollow" title="ETF" href="https://thebittimes.com/tag/etf.html">ETF</a> from its counterparts. It also underscores the firm’s commitment to providing a comprehensive range of crypto products.</p> 
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    <p lang="en" dir="ltr">JUST IN: Ark Invest files for spot #Ethereum <a rel="noopener noreferrer nofollow" title="ETF" href="https://thebittimes.com/tag/etf.html">ETF</a>.</p> 
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 <p><strong>Also read:&nbsp;El Salvador Makes a Bold Move to Teach Bitcoin in Schools by 2024</strong></p> 
 <h2 class="wp-block-heading" id="h-ark-invest-and-cathie-wood-s-vision"><strong>Ark Invest and Cathie Wood’s Vision</strong></h2> 
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 <p>The Ark Invest spot-Ethereum <a rel="noopener noreferrer nofollow" title="ETF" href="https://thebittimes.com/tag/etf.html">ETF</a> is a testament to Wood’s belief in the transformative power of blockchain technology and decentralized finance.</p> 
 <p>Wednesday’s filing with the SEC represents a pivotal moment in the crypto industry’s progress. Should the Ark 21Shares Ethereum <a rel="noopener noreferrer nofollow" title="ETF" href="https://thebittimes.com/tag/etf.html">ETF</a> receive regulatory approval, it will trade under the ticker symbol ARKE. This <a rel="noopener noreferrer nofollow" title="ETF" href="https://thebittimes.com/tag/etf.html">ETF</a> is poised to become a benchmark for Ethereum-focused investments in the US. It will provide investors with a transparent and regulated avenue to participate. The filing by Ark Invest comes at a time when the SEC is under pressure from Grayscale for the approval of its Bitcoin spot <a rel="noopener noreferrer nofollow" title="ETF" href="https://thebittimes.com/tag/etf.html">ETF</a>.</p> 
 <p><strong>Also read: Binance Leadership Undergoes Changes Amid Russian Market Concerns</strong></p> 
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<div class="cs-entry__tags"> 
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  <li>ARK Invest</li> 
  <li>ETF</li> 
  <li>ethereum</li> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ark-invest-files-for-spot-ethereum-etf-tbt61794.html">https://thebittimes.com/ark-invest-files-for-spot-ethereum-etf-tbt61794.html</a></p>

Ark Invest Files For Spot Ethereum ETF

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