Ethereum

<p><strong>ArkInvest and 21 Shares previously included a staking component in their filing for an Ethereum ETF. However, in a recent update posted on Friday, it seems that they have removed this component from the filing.</strong></p><h2 id="header-0">Claim Instant $200 Worth Of DunkiMunki New Memecoins Free On <a href="https://dunkimunki.xyz/" rel="noopener noreferrer nofollow">www.DunkiMunki.xyz</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Untitled-design.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>Cathie Wood’s ARK Invest and 21Shares won’t be including staking in their proposed Ethereum exchange-traded fund (ETF).</p><h3 id="staking-component-removed-from-ark-invest-21-shares-etf-filing">Staking Component Removed from ARK Invest/21 Shares ETF Filing</h3><p>In a previous filing, <a href="https://cryptosheadlines.com/ark-invest-buys-8-million-worth-of-coinbase-shares-on-international-workers-day/" rel="noopener noreferrer nofollow">ARK Invest and 21 Shares</a> included language about staking, indicating that they might stake a portion of the Trust’s assets through trusted Staking Providers. However, this specific language was absent in the updated filing posted on Friday.</p><p>The removal of the staking component raises questions about the <a href="https://cryptosheadlines.com/twitter-ceo-reveals-reasons-behind-rate-limits-and-policy-changes/" rel="noopener noreferrer nofollow">reasons behind this change</a>. Bloomberg ETF analyst <a href="https://twitter.com/EricBalchunas/status/1789053958079619176" rel="noopener noreferrer nofollow">Eric Balchunas</a> speculated on possible reasons, suggesting that it could be due to the need to align documents with SEC feedback, which would be positive news.</p><p>However, Balchunas noted that there hasn’t been any <a href="https://cryptosheadlines.com/binance-faces-imminent-collapse-warns-former-sec-official/" rel="noopener noreferrer nofollow">official feedback from the SEC</a> yet. He proposed that the removal might either be a strategic move or an attempt to address potential concerns raised by the SEC. Further clarification is needed to determine the exact <a href="https://cryptosheadlines.com/ripple-president-reveals-motive-behind-bitstamp-acquisition/" rel="noopener noreferrer nofollow">motive behind</a> this change.</p><h2 id="header-1">Claim Instant $200 Worth Of DunkiMunki New Memecoins Free On <a href="https://dunkimunki.xyz/" rel="noopener noreferrer nofollow">www.DunkiMunki.xyz</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Untitled-design.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><h3 id="optimism-dwindles-for-spot-ether-etf-approval">Optimism Dwindles for Spot Ether ETF Approval</h3><p>ARK Invest and 21 Shares have yet to respond to requests for comment regarding the removal of the staking component from their spot ether ETF filing.</p><p><a href="https://cryptosheadlines.com/fantom-targets-memecoin-traders-secures-6-5m-ftm-reserve-report/" rel="noopener noreferrer nofollow">Also Read:   Fantom Targets Memecoin Traders; Secures $6.5M FTM Reserve: Report</a></p><p>The <a href="https://cryptosheadlines.com/grayscale-submits-application-to-sec-to-transform-its-ethereum-trust-into-a-spot-ethereum-etf/" rel="noopener noreferrer nofollow">application for the spot ether ETF was initially submitted</a> in September, with the intention of providing direct exposure to ether. The fund is slated to trade on the Cboe BZX Exchange, utilizing the CME CF Ether-Dollar Reference Rate – New York Variant.</p><p>Under the trust, 21 Shares serves as the sponsor, Delaware Trust Company acts as the trustee, and Coinbase Custody Trust Company is responsible for ether custody. Additionally, ARK Investment Management serves as the sub-adviser, assisting with marketing the Shares.</p><p>However, hopes for SEC approval of spot ether ETFs have waned in recent months. Bloomberg ETF analyst Eric Balchunas revised his estimate for the likelihood of a spot Ethereum ETF approval by late May from approximately 70% down to 25%.</p><p><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</p>

ARK Invest & 21 Shares Remove Staking from New Ethereum ETF Filing

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