Ark Invest, a prominent investment management firm, has made a significant change to its latest Ethereum exchange-traded fund (ETF) proposal. The firm has decided to remove the staking option from the ETF, which was previously included in the proposal.
Staking is a process in which cryptocurrency holders lock up their tokens to support the network and earn rewards in return. However, Ark Invest has chosen to exclude this feature from its ETF proposal for Ethereum.
This decision has sparked some discussion within the cryptocurrency community, as staking has become increasingly popular among investors looking to earn passive income from their holdings. Despite the removal of the staking option, Ark Invest’s ETF proposal for Ethereum is still expected to attract significant interest from investors seeking exposure to the popular cryptocurrency.
It remains to be seen how this change will impact the overall success of Ark Invest’s Ethereum ETF proposal. Investors will be watching closely to see how the market responds to this decision.