Ark Invest
Ethereum ETF’s Cash Creation Conundrum: Innovations and Concerns
ARK Invest and 21Shares have detailed a new cash creation and redemption mechanism for their latest filing of an Ethereum spot ETF. They say the new process takes an innovative approach by departing from the traditional processes of ETPs, which represent in-kind creation and redemption. Revolutionizing the Ethereum Creation Process The revised filing highlights that authorized […]
ARK Invest Sells Additional $20.6M Coinbase Shares To Rebalance ETF
ARK Invest, the renowned investment firm led by Cathie Wood, sold a further $20.6 million worth of Coinbase (COIN) shares on Jan. 5 across three of its exchange-traded funds (ETFs). The company offloaded a total of 133,823 COIN shares, which closed last week at $153.98. On Jan. 8, ARK Invest shared its trades for Jan. […]
Ark Invest And 21Shares File For First US Spot Ethereum ETF
Ark Investment Management, in collaboration with 21Shares, has submitted a new filing with the US Securities and Exchange Commission (SEC) for the first-ever spot Ether (ETH) exchange-traded fund (ETF) in the US, Bloomberg reported on September 6. The move comes after the regulatory authority delayed its decision on various BTC ETF applications, including one offered […]