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Amended Filing for Ark 21Shares Spot Ethereum ETF Discusses Cash Creation and Redemption Process

Mary Liu

Summary: ARK Invest and 21Shares discussed the cash creation and redemption process in their latest spot Ethereum ETF filing, which states: “Authorized participants will only deliver cash to create shares and receive only cash when redeeming shares.” The updated filing also includes a staking term. The document shows that the sponsor may stake a portion of ...

ARK Invest and 21Shares discussed the cash creation and redemption process in their latest spot Ethereum ETF filing, which states: “Authorized participants will only deliver cash to create shares and receive only cash when redeeming shares.”

The updated filing also includes a staking term. The document shows that the sponsor may stake a portion of the trust’s assets through one or more trusted staking providers and will typically want to stake Ethereum from the trust’s cold wallet balance. 

Van Buren Capital partner Scott Johnsson said this is a way for issuers to start a conversation around potential staking.

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