21Shares' ETH ETF has moved forward as Ark Invest exits the partnership, leaving 21Shares to proceed on its own. The fund, previously known as the proposed spot Ethereum ETF in collaboration with Ark Invest, has been rebranded as the "21Shares Core Ethereum ETF." This development marks a significant shift in the ETF's structure and management, with 21Shares taking full control of the project.
Ark Invest's withdrawal from the partnership has raised questions about the future direction of the Ethereum ETF and its market implications. With Ark Invest stepping aside, 21Shares will need to navigate the ETF landscape independently, potentially shaping the fund's strategies and investment approach. Investors will be monitoring how this change influences the fund's performance and whether it alters the ETF's positioning in the market.
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