🚀ARK 21Shares amends its spot Ethereum ETF application, shifting to a cash-creation model similar to its approved Bitcoin ETF!💰 The change aims to align with regulatory preferences, but may impact arbitrage transactions.🤔

🔹ARK 21Shares also plans to stake a portion of the ETF's Ether holdings, potentially generating income through staking rewards. However, this proposal comes with risks and has stirred debate among industry observers.🧐

📈Following the announcement, Ether's price surged, breaking above $2,400!🚀

What do you think about the proposed staking component in the ETF? Share your thoughts below!👇