Odaily Planet Daily News: Cathie Wood's ARK Invest withdrew from the Ethereum ETF application, and the official reason for the withdrawal has not yet been given. Analysts believe that this withdrawal may be related to the recent fee competition in the ETF market. It is reported that ARK Invest has been pushing for the launch of the Ethereum ETF in the past few months, but in the face of competitors constantly reducing fees to attract investors, ARK Invest may have re-evaluated its strategy. (Coindesk)