Bloomberg analyst: Currently, ARK will not advance the Ethereum ETF

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas stated that ARK has released a statement regarding not engaging in spot ETH business. It stated that ARK believes in the transformative potential of Ethereum and the long-term value of the Ethereum blockchain, but for now, ARK will not advance an Ethereum ETF: We will continue to evaluate effective ways to provide our investors with access to this innovative technology and fully realize its benefits.