ARK Invest has decided to end its partnership with 21Shares on the development of an Ether exchange-traded fund (ETF). The decision was made by ARK Invest, a prominent investment firm known for its innovative approach to investing in disruptive technologies.
The Ether ETF was set to be developed by 21Shares, a Swiss-based company specializing in cryptocurrency investment products. However, ARK Invest has chosen to part ways with 21Shares for reasons that have not been disclosed publicly.
This development comes at a time when interest in cryptocurrency ETFs is on the rise, with investors looking for more ways to gain exposure to digital assets like Ether. While the specific reasons for ARK Invest’s decision are unknown, it is clear that the firm remains committed to exploring new opportunities in the cryptocurrency space.
Despite ending their partnership with 21Shares, ARK Invest continues to be a major player in the world of cryptocurrency investing. The firm’s forward-thinking approach and focus on disruptive technologies have made it a popular choice among investors looking to capitalize on the potential of digital assets like Ether.