📢 ARK Invest and 21Shares have revised their Ethereum (ETH) ETF proposal, ditching the crypto staking feature for a cash creation and redemption model 🔄. This strategic shift follows successful discussions with the U.S. securities regulator. The firms will now buy Ether corresponding to the order amount and deposit it with the custodian, leading to the creation of ETF shares. Despite the promising prospects, the SEC has been experiencing delays in making decisions on various spot Ether ETF proposals. What are your thoughts on this? 💭 Let's discuss below! 👇