ARK Invest may choose to withdraw from applying for Ethereum ETF due to fee competition

Odaily News Cathie Wood's ARK Invest is launching an Ethereum ETF application. Analysts believe that this withdrawal may be related to the recent fee competition in the ETF market. It is reported that ARK Invest has been pushing for the launch of the Ethereum ETF in the past few months, but in the face of competitors constantly reducing fees to attract investors, ARK Invest may have re-evaluated its strategy. (Coindesk)