ANALYSIS: ARK Invest's Withdrawal From Ether ETF Program May Be Linked To Fee Wars

Cathie Wood's ARK Invest is withdrawing from its (application) Ether ETF program. Analysts believe the withdrawal may be related to the recent fee wars in the ETF market.ARK Invest has been pushing to launch an Ether ETF for the past few months, but in the face of competitors who have been lowering their fees to lure investors, ARK Invest may have reevaluated its strategy.