Odaily News Cathie Wood's Ark Investment Management has withdrawn from the race for an Ethereum spot ETF. According to an amended prospectus, or S-1, filed with the U.S. SEC late Friday, Ark's name has been removed from the Ethereum spot ETF application submitted by Ark in partnership with 21Shares. The fund's name has been changed from Ark 21Shares Ethereum ETF to 21Shares Core Ethereum ETF. "At this time, ARK will not be moving forward with an Ethereum ETF," an ARK spokesperson said via email. "We will continue to evaluate effective ways to expose our investors to this innovative technology so that it can fully leverage its benefits." Prior to this, Ark partnered with 21Shares to become one of the 11 U.S. issuers that successfully launched a spot Bitcoin ETF earlier this year. 21Shares said in a statement: "We are enthusiastic about the recent SEC 19b-4 approval (of the Ethereum Spot ETF) and are committed to increasing access to cryptocurrency as an asset class for U.S. investors. 21Shares and ARK remain committed partners for the ARK 21Shares Bitcoin ETF launched in January of this year, as well as our existing lineup of futures products." (Bloomberg)