ARK files with SEC for Ethereum ETF

ARK Investment Management and Swiss crypto ETP issuer 21Shares jointly filed a registration statement on Form S‑1 with the U.S. Securities and Exchange Commission (SEC) to launch the ARK 21Shares Ethereum ETF, a spot ether (ETH) exchange‑traded fund. The trust is structured to hold ether and issue shares representing fractional, undivided beneficial interests in that ether, with shares expected to trade on Cboe BZX Exchange under the ticker symbol “ARKZ.” The ETF’s investment objective is for its shares to reflect the performance of ether, as measured by the CME CF Ether-Dollar Reference Rate – New York Variant, minus the trust’s expenses and liabilities. The filing positions ARK and 21Shares among the first issuers seeking U.S. regulatory approval for a spot Ethereum ETF, following the earlier wave of spot Bitcoin ETF applications. According to the prospectus, the ETF would not engage in staking activities, a point of regulatory sensitivity in U.S. policy discussions around Ethereum. The product is intended to provide traditional brokerage and retirement accounts with regulated, exchange‑traded exposure to ether without requiring investors to manage private keys or interact directly with crypto trading venues. The application became part of a broader SEC review process that later led to approval of several Ethereum ETFs for listing, although ARK eventually ended its partnership with 21Shares and is no longer involved with the product, which continues under 21Shares branding.

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