🚀ARK Investment & 21Shares revise their spot Ethereum ETF proposal, now focusing on cash creation & redemption!💰

🔹The SEC seems to prefer a cash model, where issuers sell stored assets to generate cash for investors

🔹ARK/21Shares' amended filing includes a new staking component, with ETH as the primary staking asset

🔹The spot Ethereum ETF aims to offer direct exposure to ETH, trading on the Cboe BZX Exchange

🤔What do you think about this revised proposal? Will it get approved? Share your thoughts in the comments!👇