ARK Investment Management and 21Shares have filed with the Securities and Exchange Commission (SEC) for an Ethereum exchange-traded fund (ETF) called ARK 21Shares Ethereum ETF. The fund aims to provide direct exposure to Ether and trade on the Cboe BZX Exchange using the CME CF Ether-Dollar Reference Rate. The trust sponsor is 21Shares, the trustee is Delaware Trust Company, and the custodian is Coinbase Custody Trust Company. The ETF will not invest in derivatives and is intended to offer investors a convenient and cost-effective way to invest in Ether.
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