Analysis: ARK Invest’s withdrawal from Ethereum ETF plan may be related to the fee war

Cathie Wood's ARK Invest is withdrawing from its (application) for an Ethereum ETF. Analysts believe that this withdrawal may be related to the fee war in the ETF market in recent times. ARK Invest has been pushing for the launch of an Ethereum ETF for the past few months, but faced with competitors constantly lowering fees to attract investors, ARK Invest may have reevaluated its strategy.