What is the linguistic root of the word shayṭān?

Imām Ibn al-Jawzī (d. 597 AH / 1201 CE) summarized the scholars' opinions in his book "Zād al-Masīr" as follows:

1. It is derived from the verb shaṭana, meaning: one who distances himself from goodness.
2. It is derived from the verb shāṭa yashīṭu, meaning: to burn and be consumed by fire.