Cathie Wood’s Ark Invest and asset manager 21Shares made a significant move in the ETF space after applying for the first spot, Ethereum ETF, in the US. 

Ark Invest, under the leadership of Cathie Wood and 21Shares, made waves this week by filing an application for the first spot Ethereum Exchange Traded Fund (ETF) in the US. According to a filing with the US Securities and Exchange Commission (SEC), the ETF, dubbed the “Ark 21Shares Ethereum ETF,” was filed on Wednesday and named Coinbase as its custodian. 

First Spot Ethereum ETF in the US

Ark Invest and 21Shares applied for the first spot Ethereum ETF in the United States. The asset managers await approval from the SEC for an ETF that would directly hold ether (ETH), the second-largest cryptocurrency by market …