Summary:

21Shares has updated its Ethereum spot ETF application, changing the fund's name to 21Shares Core Ethereum ETF from Ark 21Shares Ethereum ETF. The partnership between 21Shares and ARK Invest for an Ether ETF has been discontinued, citing a reassessment of investment strategies. Despite this, the collaboration remains intact for other projects, including the ARK 21Shares Bitcoin ETF.

In their joint efforts, 21Shares sponsored the ETF, while Delaware Trust Company acted as the trustee. Bitcoin and Ethereum futures were initiated, alongside the ARK 21Shares Blockchain and Digital Economy Innovation ETF for blockchain investments.

ARK Invest and 21Shares revised their strategy for a spot Ether ETF, moving away from staking assets via third-party providers. The goal of the Ether ETF is to offer direct exposure to Ether trading on the Cboe BZX Exchange with the CME CF Ether-Dollar Reference Rate—New York Variant.

The U.S. SEC approved 19b-4 forms for eight Ethereum ETFs, awaiting the effectiveness of S-1 statements for trading to begin.