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News Explorer — Cathie Wood's Ark Invest, 21Shares Apply for First Spot Ethereum ETF

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Sep 6, 7:12 pm
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Cathie Wood's Ark Invest, 21Shares Apply for First Spot Ethereum ETF

Ark Invest has filed an application with the SEC to establish the ARK 21Shares Ethereum ETF, which would be the first spot Ethereum ETF in the US. The application is similar to those for spot Bitcoin ETFs that were recently delayed by the SEC. Ark Invest has named Coinbase as a custodian for the ETF, and it would be traded on the Cboe BZX Exchange. Anticipation is growing that the SEC may approve Ethereum futures ETFs as early as October.

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