{"id":437106,"date":"2023-09-07T12:32:38","date_gmt":"2023-09-07T12:32:38","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=437106"},"modified":"2023-09-07T12:32:38","modified_gmt":"2023-09-07T12:32:38","slug":"ark-21shares-joins-spot-ether-etf-race-as-crypto-industry-ramps-up-pressure-on-sec-after-grayscales-legal-win","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ark-21shares-joins-spot-ether-etf-race-as-crypto-industry-ramps-up-pressure-on-sec-after-grayscales-legal-win","title":{"rendered":"Ark 21Shares Joins Spot Ether ETF Race as Crypto Industry Ramps Up Pressure on SEC After Grayscale\u2019s Legal Win"},"content":{"rendered":"

Cathie Wood\u2019s Ark Invest and 21Shares entered the race to launch a spot Ethereum ETF, ramping up pressure on the Securities and Exchange Commission (SEC) after it lost a legal showdown last week.<\/p>\n

Ark 21Shares applied<\/a> to launch an Ethereum ETF with the SEC on Aug. 6, joining VanEck in the race to be the first to launch the product in the US. The Chicago Board Options Exchange’s BZX exchange also filed 19b-4 documents to list the two spot Ether ETFs, giving the SEC up to 240 days to make a decision.<\/p>\n

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Cboe\u2019s BZX exchange has filed with Ark 21Shares and VanEck to launch the first U.S. spot Ethereum ETF. The SEC will have 240 days after confirmation of the application to make a decision. Coinbase will serve as a monitoring sharing partner and custodian. https:\/\/t.co\/I5HGQmSryf<\/a><\/p>\n

— Wu Blockchain (@WuBlockchain) September 6, 2023<\/a><\/p><\/blockquote>\n