The investment company ARK Invest has recently disclosed that it made its maiden investment in the Canadian 3iQ’s Ethereum staking ETF (ETHQ.U), injecting a total capital amounting to $21 million. Simultaneously, ARK sold off $14.6 million worth of stocks on the Coinbase platform. Since its launch, 3iQ’s Ethereum staking ETF has shown strong performance, with an approximate gain of 40% so far this year. Aimed at achieving long-term capital appreciation and passive income through investing in Ethereum, ARK executed this move by purchasing 1 million shares via its ARK Next Generation Internet ETF (ARKW) and 651,713 shares through the ARK Fintech Innovation ETF.