Ark Invest pioneers Spot ETH ETF filings after SEC delayed its spot BTC ETF application

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Ark Invest and 21Shares have filed for spot Ether Exchange-Traded Funds (ETF), barely two weeks after submitting two joint Ethereum futures ETF and ju

Amid these delays, crypto enthusiasts now have their eyes peeled for October where a series of deadlines are due with BlackRock, Bitwise, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie all hoping for a positive decision.

big news bc first, and long awaited, we wondered why no one did this yet, seemed worth a shot. That's whyNotably, the market continues to crave for impulse, with crypto prices still consolidating with crucial support levels wearing thin. An Exchange-Traded Fund is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price.

 

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