Ethereum

mirror

Spot

ARK Invest has officially submitted its application for an Ethereum Spot ETF to the U.S. Securities and Exchange Commission (SEC).   
To bring this ETF to fruition, ARK Invest has joined forces with 21Shares, a well-established ETF provider with a strong track record in the industry.   
Together, they are set to launch the ARK 21Shares Ethereum ETF, a product designed to closely mirror the performance of Ethereum's native cryptocurrency, ETH.   
So, what exactly sets this ETF apart? The ARK 21Shares Ethereum ETF aims to track ETH's performance by utilizing the CME CF Ether-Dollar Reference Rate—New York Variant.   
This index is a reliable measure, aggregating trade data from major ETH spot exchanges, providing a robust benchmark for the ETF's performance.   
In terms of management, ARK Invest will be taking the reins as the sub-advisor for this Ethereum ETF, playing a pivotal role in marketing and promoting the shares to potential investors.   
For those wondering where they can trade this exciting ETF, it's set to be listed on the Cboe BZX Exchange under the symbol ARKE, making it easily accessible to investors.   
Now, let's talk fees. The ARK 21Shares Ethereum ETF will have an annual fee of 0.95%. This fee will encompass various expenses and obligations associated with managing the trust.   
Importantly, the ETF will focus exclusively on Ethereum and will not invest in derivatives or other non-ETH financial instruments.  
The post <a rel="noopener noreferrer nofollow" href="https://optimisus.com/news/crypto-news/ark-invest-files-for-ethereum-etf/">ARK Invest Files for Ethereum ETF</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://optimisus.com">Optimisus</a>.

ARK Invest Files for Ethereum ETF

Optimisus

Other articles published on Sep 7, 2023

ORCL Stock Forecast: Will It (NYSE: ORCL) Halt, As Reports Near?

Top 5 Crypto Gainers: THORChain, Astar, GMX, Render, Toncoin

Neowiz Partners with Ava Labs to Pave the Way for Web3 Gaming

Holder Kakap Token SHIB Serok US$100 Juta Sepanjang Pekan Lalu

Mexican Billionaire Reveals His Portfolio Including Bitcoin

'Rich Dad Poor Dad' Author Kiyosaki Predicts Market Crash, Ripple President Makes Big Statement a...

Join our free newsletter for daily crypto updates!