Ark Invest has withdrawn from the Ethereum ETF application. Although many other applicants have modified their S-1 documents, Cathie Wood's company Ark Invest has chosen not to continue the application and has also interrupted its cooperation with 21Shares. Now, 21Shares will independently advance the work of the Ethereum ETF.

ARK and 21Shares will continue to work together on Bitcoin and futures ETFs. Observer Eric Balchunas found that there is no mention of fees in the latest S-1 documents, which may mean that the originally expected fee competition has been temporarily shelved for the time being.