ARK Decides Not to Launch Ethereum Spot ETF for Now

BlockBeats news, on June 1, Bloomberg analyst Eric Balchunas said that ARK decided not to launch the Ethereum spot ETF for the time being, 21Shares will conduct its Ethereum spot ETF business alone, ARK has been removed from the file and name, but ARK is still a partner of 21Shares Bitcoin spot and futures ETF.

ARK said in a statement that it believes that Bitcoin is a public product that everyone should be able to obtain at a lower cost. ARK believes in the transformative potential and long-term value of the Ethereum blockchain and will continue to evaluate effective ways to provide this innovative technology to ARK investors in a way that fully leverages its advantages.