Analysis: ARK Invest exits from Ethereum ETF plan or is linked to fee war
2024-06-06 15:55:13
ARK Invest, owned by Cathie Wood, is pulling out of its plans to file for an Ethereum ETF, a withdrawal that analysts believe may be linked to the recent fee wars in the ETF market. ARK Invest has been pushing for the launch of an Ethereum ETF in the past few months, but may have reassessed its strategy in the face of rivals' continued lowering fees to attract investors.
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