• Advertise With Us
  • About us
  • Contact us
Saturday, July 5, 2025
No Result
View All Result
Download App
Asian News Hub
  • Home
  • State
  • National
  • International
  • Entertainment
  • Politics
  • Sports
  • Middle East
  • Home
  • State
  • National
  • International
  • Entertainment
  • Politics
  • Sports
  • Middle East
No Result
View All Result
Asian News Hub
No Result
View All Result
  • State
  • National
  • International
  • Entertainment
  • Business
  • Sports
  • Medical Science
  • Middle East
  • Politics

Cathie Wood’s ARK invest files for first spot Ether ETF

Asian News Hub by Asian News Hub
September 7, 2023
in Business
Reading Time: 2 mins read
A A
Cathie Wood’s ARK invest files for first spot Ether ETF
0
SHARES
79
VIEWS
Share on WhatsAppShare on Facebook
JOIN OUR WHATSAPP CHANNEL

An exchange-traded fund (ETF) application was submitted to the U.S. Securities and Exchange Commission (SEC) on Wednesday by asset managers ARK Invest and 21Shares. The ETF would directly hold ether (ETH), coin telegraph reported.

Asian News Hub Asian News Hub Asian News Hub

Also Read: Bitcoin treads water below $26K

The Ark 21Shares Ethereum ETF is the first attempt to list such a fund in the U.S. that directly invests in ETH, the second largest cryptocurrency by market capitalization.

The fund would custody the assets with Coinbase (COIN) Custody Trust Company.

The news initially sent ether and bitcoin higher, but the rally proved short-lived and both cryptos have returned to prices seen ahead of the filing.
The filing follows a slew of applications for a much-coveted spot bitcoin ETF, including a joint attempt from Ark and 21Shares. The SEC last week delayed decision on all of those applications.
The filing also comes ahead of what’s expected to be SEC approval of the first futures-based ether ETF. A decision from the SEC is expected on or before mid-October.

The industry will likely push for more crypto ETFs, emboldened by trust issuer Grayscale’s recent court victory against the SEC, broker Bernstein said in a report last month. A spot ETH ETF will be a top contender, the report said, given its similar market structure to BTC with actively traded futures and spot markets on the Chicago Mercantile Exchange (CME), a key regulated marketplace for institutional investors.

Tags: Featured
Asian News Hub

Asian News Hub

Asian News Hub Pvt. Ltd. – Your Gateway to Comprehensive Journalism

Related Posts

Stock Market Crash: Nifty Plunges Over 1,000 Points Amid Global Sell-Off

Stock Market Crash: Nifty Plunges Over 1,000 Points Amid Global Sell-Off

April 7, 2025
President-elect Donald Trump Plans to Make Cryptocurrency a National Priority

President-elect Donald Trump Plans to Make Cryptocurrency a National Priority

January 17, 2025
Reliance Jio Partners with Polygon to Introduce Web3, Blockchain Capabilities

Reliance Jio Partners with Polygon to Introduce Web3, Blockchain Capabilities

January 16, 2025
Former KCC&I President Sheikh Ashiq among elected members of Committee of Administration, Carpet Export Promotion Council.

Former KCC&I President Sheikh Ashiq among elected members of Committee of Administration, Carpet Export Promotion Council.

May 10, 2024
India to block Binance, 8 other crypto platforms: report

India to block Binance, 8 other crypto platforms: report

December 29, 2023
Bitcoin climbs above $30,000

Bitcoin eyes $40K after breaching $38K for first time since May 2022

November 24, 2023

Recommended

Gupkar alliance still alive, even more stronger; not dynasty rule in J&K, but it was people’s mandate

Opposition parties to stage protest on October 10 against BJP-led govt

2 years ago
Z-Morh tunnel: High intensity dynamites at construction site trigger cracks to houses in Shutkari village, allege locals

Z-Morh tunnel: High intensity dynamites at construction site trigger cracks to houses in Shutkari village, allege locals

3 years ago
Body of second sibling retrieved from river jehlum in Baramulla

Body of second sibling retrieved from river jehlum in Baramulla

3 years ago

Popular News

  • Scorching Days Ahead: Kashmir May Touch 35°C, Jammu 46°C

    Heatwave to Peak in Kashmir Tomorrow, Rain May Follow

    0 shares
    Share 0 Tweet 0
  • Woman Dies, 19 Hospitalised Due to Gastroenteritis Outbreak in J&K’s Rajouri

    0 shares
    Share 0 Tweet 0
  • Youth Drowns While Bathing in River Jhelum at Batwara Srinagar, Body Recovered

    0 shares
    Share 0 Tweet 0
  • Kashmir Needs to Adapt to Rising Temperatures Amid Global Warming: Weather Expert

    0 shares
    Share 0 Tweet 0
  • Woman Smuggler Arrested in Kupwara

    0 shares
    Share 0 Tweet 0
Asian News Hub

Established in 2018 as a pioneering news and media entity operating from Srinagar, Jammu, and Kashmir

Links

  • Download Our App
  • About us
  • Contact us
  • Disclamer
  • Privacy Policy

Popular Categories

  • State
  • National
  • International
  • Politics
  • Sports

Download Our App

Follow on Google News

Copyright © 2018 - 2025 Asian News Hub.
Powered By

No Result
View All Result
  • Home
  • State
  • National
  • International
  • Business
  • Sports
  • Entertainment
  • Medical Science
  • Middle East
  • Politics

Copyright © 2018 - 2025 Asian News Hub.
Powered By