A spot ether exchange-traded fund proposal from Cathie Wood's ARK Invest and 21Shares will not include staking. 

In a previous filing, ArkInvest/21 Shares included a staking component that said that the "sponsor may, from time to time, stake a portion of the Trust’s assets through one or more trusted Staking Providers." That specific language was not included in the updated filing on Friday. 

The updated filing removing staking could mean a few things, said Bloomberg ETF analyst Eric Balchunas in a post on X on Friday. 

"While it may seem like this is them getting their docs in shape based on SEC comments (which would be good news) there hasn’t been any comments," Balchunas said. "So its prob either a Hail Mary or maybe trying to give SEC one less thing to use in their …