ARK Invest and 21Shares have decided to revise their proposal for an Ether exchange-traded fund (ETF). This decision comes after the U.S. Securities and Exchange Commission (SEC) expressed concerns about the initial proposal.
The revision of the ETF proposal aims to address the SEC’s concerns and increase the likelihood of approval. Both ARK Invest and 21Shares are working diligently to ensure that the revised proposal meets all regulatory requirements.
Investors who are interested in the Ether ETF should stay updated on the progress of the revised proposal. The approval of an Ether ETF could provide new opportunities for investors to gain exposure to the cryptocurrency market through a regulated investment vehicle.
As the cryptocurrency market continues to evolve, it is important for investors to stay informed about regulatory developments. The revised Ether ETF proposal from ARK Invest and 21Shares is a significant development in this space, and investors should follow the progress closely to understand the potential impact on their investment strategies.