ARK Invest Files New Ethereum ETF Application

ARK Invest, in partnership with 21Shares, has filed applications for two new exchange-traded funds (ETFs) focused on cryptocurrency futures, according to a preliminary prospectus dated Aug. 24.

Timeline of Ethereum

A prominent whale in the digital currency space has once again demonstrated their fervor for non-fungible tokens (NFTs) by purchasing a significant amount of the popular $PEPE tokens.

One of the leading cryptocurrency exchanges, Bitstamp, has communicated its intention to conclude its Ether (ETH) staking service for users in the U.S. by September 25, 2023. Upon this action, all staked assets will be returned, and both rewards and principal amounts will be transferred into Bitstamp customer accounts.

Cryptocurrency exchange Bitstamp announced it would end Ethereum (ETH) staking services to its US customers as of September 25. The exchange cited the US regulatory environment as a deciding factor.

The cryptocurrency landscape is evolving rapidly, with institutional interest in Ethereum gaining significant traction. Investment firms ARK Invest and 21Shares are leading the charge and have recently collaborated to propose two Ethereum futures exchange-traded funds (ETFs).

Over the last week, Ethereum (ETH) has seen its price take a slight hit following the general market crash due to reports of a massive Bitcoin sell-off. According to data from CoinMarketCap, ETH is down by 5.01% in the last seven days, bringing its total price loss in the previous month to 10.80%.

In the expanding realm of cryptocurrency, decentralization is the battle cry, yet there's a startling reality surfacing. Binance's latest revelations confirm that all major Ethereum L2 rollups are, in fact, centralized.

Following the crypto market crash last week, Ethereum whales look to be gearing up for a recovery as they accumulate ETH. This accumulation trend is very telling of what these large investors expect the market to do next, which could serve as an indication of what's to come.

Failed crypto custodian Prime Trust revealed new details about its past financial shortfalls in a filing submitted to bankruptcy courts on Aug. 24. That filing indicates that Prime Trust's investment in the TerraUSD (USTC) stablecoin resulted in millions of dollars of losses for the company.

In a recent development reported by Glassnode, Ethereum has achieved a significant milestone as the Total Value locked in the ETH 2.0 Deposit Contract surged to an all-time high of 28,019,877 ETH. This landmark underscores the growing confidence in Ethereum's transition to a proof-of-stake consensus mechanism.

In a crazy chain of events, Ethereum users were taken aback when nd4.eth sent a significant amount of ether to what's known as a “burn address” on July 26. This effectively reduced that massive count of ETH tokens from circulation in the market, and just like that, gone.