Ark Invest at 21Shares Apply Para sa Spot ETH ETF
Ark Invest, Cathie Woods $60B investment firm, and 21Shares, a digital asset management firm, filed an application with the U.S. Securities and Exchange Commission for a spot exchange-traded fund tracking the price of Ether on Sept. 6. The proposed Ark 21Shares Ethereum ETF is the first application for a spot Ether ETF in the United States. If approved, the trust would directly hold ETH. “The Trust provides investors with the opportunity to access the market for Ether through a traditional brokerage account without the potential barriers to entry or risks involved with holding or transferring Ether,” the filing said. “[21Shares] believes that the Shares are designed to provide investors with a cost-effective and convenient way to invest in ether without purchasing, holding and trading ether directly.” Coinbase Custody would hold ETH on behalf of the trust, and the ETF would reference the CME CF Ether-Dollar Reference Rate and adjust for expenses and liabilities. Shares in the ETF would be valued daily at 4pm EST based on the reference index. The news had little price impact, with ETH trading roughly flat over the past seven days. Presyo ng ETH The move comes as some analysts predict it may only be a matter of time before a spot