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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IMX vs MPEPE: Here’s How Immutable X Investors Are Making Extra Profits For Investing Liquidity
Riot Platforms and Bitfarms reach settlement agreement to end acquisition bid
Bitfarms and Riot Platforms reach settlement agreement in takeover saga
Bitfarms and Riot Platforms have reached a settlement, potentially bringing an end to a takeover saga between the two Bitcoin mining firms.Under the terms of the deal, Riot is prohibited from acquiring more than 20% of Bitfarms without prior board approval.