Ark 21Shares amends spot ether ETF to include staking language

Ark 21Shares amended the S-1 for their spot ether ETF.

Among other changes, including adding a section on potential staking, Ark 21Shares also added similar language to its bitcoin ETF around cash creation. 

The language around staking was added in brackets, which Van Buren general partner Scott Johnsson says means that the issuer wants to add the section, but knows that the Securities and Exchange Commission will want to hold a conversation about it.

“[The Sponsor may, from time to time, stake a portion of the Trust’s assets through one or more trusted third party staking providers (“Staking Providers”). The Sponsor generally expects to stake ether tokens from the Trust’s…

Read more on Blockworks

80.9K Reads