Cathie Wood’s Ark Withdraws from Ethereum (ETH) ETF Due to Fee War

Seyffart also believes Ark made its decision based on low fees. “This partnership has the potential to be very meaningful, especially in terms of demand for Bitcoin ETFs,” he said. “However, after fees were immediately so low, there may not have been enough to recoup for both companies, especially with the Ethereum ETF expected to see less demand compared to the Bitcoin ETF.”