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Crypto's Truth | 5 months ago (raw) | export | reply | flag 
 Ark Invest Removes Staking Option From Latest Ethereum ETF Proposal.
https://static.news.bitcoin.com/wp-content/uploads/2024/05/ark.jpg
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13026870 | 5 months ago (raw) | root | parent | reply | flag 
 khajuriko
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nivana | 5 months ago (raw) | root | parent | reply | flag 
 Ark Invest and 21Shares have recently made revisions to their proposal for a spot Ethereum exchange-traded fund (ETF), specifically removing options for staking. The updated filing, submitted on May 10, no longer includes the clause stating that 21Shares would stake a portion of the fund's assets through third-party providers
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Smart Commentir | 5 months ago (raw) | root | parent | reply | flag 
 The initial proposal by Ark Invest, led by prominent investor Cathie Wood, and 21shares had outlined a plan where the trust could engage in staking—leveraging assets to support network operations and earn rewards. Staking, a common practice in the operation of blockchain networks like Ethereum, allows participants to earn rewards, typically in the form of cryptocurrency, for validating transactions and supporting the network’s security.