{"id":23316,"date":"2023-09-07T12:10:24","date_gmt":"2023-09-07T12:10:24","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ark-invest-and-21shares-chase-green-light-for-new-ether-etf\/"},"modified":"2023-09-07T12:10:24","modified_gmt":"2023-09-07T12:10:24","slug":"ark-invest-and-21shares-chase-green-light-for-new-ether-etf","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ark-invest-and-21shares-chase-green-light-for-new-ether-etf\/","title":{"rendered":"ARK Invest and 21Shares Chase Green Light for New Ether ETF"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>ARK Invest, in partnership with 21Shares, has approached the U.S. Securities and Exchange Commission (SEC) to get a green light for a unique exchange-traded fund (ETF) that will directly hold Ethereum\u2019s ether (ETH). If approved, this would mark the first ETF in the U.S. to have direct investments in ETH, a significant player in the cryptocurrency market, standing second only to Bitcoin in terms of market value.<\/p>\n<p>Coinbase (COIN) Custody Trust Company has been earmarked to handle the assets for this ETF. Following this announcement, Ethereum and Bitcoin experienced a spike in their prices. However, this uptick didn\u2019t last long, and both cryptocurrencies soon settled back to their original values before the ETF news broke.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Previously, there have been several attempts by various entities to establish a Bitcoin ETF, with ARK Invest and 21Shares also joining the race. Yet, the SEC chose to <a href=\"https:\/\/igaming.org\/crypto\/sec-delays-decision-on-spot-bitcoin-etfs\/\">postpone their decision<\/a> on these applications just last week. Now, all eyes are on the SEC as they gear up to make a ruling on the first futures-based ether ETF, with a decision anticipated by mid-October.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/ark-invest-and-21shares-chase-green-light-for-new-ether-etf\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) ARK Invest, in partnership with 21Shares, has approached the U.S. Securities and Exchange Commission (SEC) to get a green light for a unique exchange-traded fund (ETF) that will directly hold Ethereum\u2019s ether (ETH). If approved, this would mark the first ETF in the U.S. to have [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":23317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23316"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23316"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23316\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23317"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}