Following SEC delays, ARK Invest and 21Shares file for spot Ether ETF By Cointelegraph
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Amid the United States Securities and Exchange Commission (SEC) delaying a decision on ARK Investment Management’s spot exchange-traded fund (ETF), the firm has proposed an investment vehicle with exposure to Ether.
In a Sept. 6 filing, ARK Invest and 21Shares requested the SEC approve the listing of shares of a spot Ether (ETH) ETF on the Cboe BZX Exchange. The investment vehicle, called the ARK 21Shares ETF, will have crypto exchange Coinbase (NASDAQ:) act as a custodian and will measure the performance of Ether based on the Chicago Mercantile Exchange CF Ether-Dollar Reference Rate.
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Amid the United States Securities and Exchange Commission (SEC) delaying a decision on ARK Investment Management’s spot exchange-traded fund (ETF), the firm has proposed an investment vehicle with exposure to Ether.
In a Sept. 6 filing, ARK Invest and 21Shares requested the SEC approve the listing of shares of a spot Ether (ETH) ETF on the Cboe BZX Exchange. The investment vehicle, called the ARK 21Shares ETF, will have crypto exchange Coinbase (NASDAQ:) act as a custodian and will measure the performance of Ether based on the Chicago Mercantile Exchange CF Ether-Dollar Reference Rate.
Continue Reading on Coin Telegraph
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