The spot Ethereum ETF proposed by ARK Invest and 21Shares will drop proof-of-stake
2024-05-10 22:25:19
Proof-of-stake would not be included in the proposed spot Ethereum exchange-traded fund (ETF) by ARK Invest and 21Shares. A possible proof-of-stake was mentioned in the previous document, but the latest document removed it when it was updated on Friday. The move could signal a shift in strategy with an eye toward SEC approval. Analysts noted that the outlook for SEC approval of spot Ethereum ETFs has faded, with one analyst lowering the estimate of the approval opportunity from 70% to 25%. ARK Invest and 21 Shares have not yet commented.
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