Cathie Wood's Ark Investment Drops Plans For Spot-Ether ETF, Says It Will Focus On Spot Bitcoin ETF Instead – Benzinga

Cathie Wood’s Ark Investment has decided to abandon its plans for a Spot-Ether Exchange-Traded Fund (ETF). Instead, the investment firm will be focusing on launching a Spot Bitcoin ETF. This decision marks a shift in strategy for Ark Investment, as they pivot towards a different cryptocurrency for their ETF offerings. The move comes amidst increasing interest in Bitcoin and other cryptocurrencies, as investors look for ways to gain exposure to this burgeoning asset class. While the Spot-Ether ETF may have been put on hold for now, Ark Investment remains committed to providing innovative investment opportunities in the cryptocurrency space.