ARK Invest has decided to end its partnership with 21Shares for a proposed Ethereum fund. The decision was made recently and the reason behind it has not been disclosed. This move comes as a surprise to many in the cryptocurrency industry, as the collaboration between ARK Invest and 21Shares was highly anticipated.
The proposed Ethereum fund was expected to provide investors with exposure to the popular cryptocurrency, Ethereum. However, with the partnership now dissolved, it is unclear what the future holds for the fund. ARK Invest is known for its innovative investment strategies and focus on disruptive technologies, so this decision may signal a shift in their priorities.
Despite this setback, Ethereum continues to be one of the leading cryptocurrencies in the market, with a strong community of supporters and developers. The news of ARK Invest dropping the partnership with 21Shares may have a temporary impact on Ethereum’s price, but the long-term outlook for the cryptocurrency remains positive.
It remains to be seen what ARK Invest’s next move will be in the cryptocurrency space, and whether they will pursue other opportunities for offering exposure to digital assets. With the growing interest in cryptocurrencies and blockchain technology, it is likely that ARK Invest will continue to explore ways to incorporate these assets into their investment strategies in the future.