Cathie Woods’ Ark Invest Withdraws Spot Ethereum ETF Application
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 01 2024
0mins
Source: Coinmarketcap
- Cathie Wood's Ark Invest: Withdraws application for Ethereum ETF, ends partnership with 21Shares.
- 21Shares To Go Solo: Proceeding independently with Ethereum ETF after ARK's withdrawal.
- ARK's Focus: Emphasizes active management expertise in disruptive innovation equity ETFs and digital asset futures ETFs.
- SEC's Directive: Issuers of spot Ethereum ETFs rush to submit amended S-1 forms by deadline.
- Fee War on Hold: No fees listed in new S-1 filings, indicating a pause in the anticipated fee war.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
