ARK Invest and 21 Shares Modify Application for Ethereum ETF, Removing Collateral Requirements

Bloomberg ETF analyst Eric Balchunas posted on X, stating that the updated document, which eliminates the pledge, could mean something. He said, “Although it appears that they are improving their document based on SEC comments (which would be good news), there are currently no comments, so it’s either good news or an attempt to give the SEC one less excuse to refuse (still uncertain).”