Cathie Wood's ARK Innovation ETF (ARKK) has decided to withdraw from launching a spot Ethereum ETF with 21Shares.

Despite this decision, Ark Investment remains committed to its Bitcoin ETF partnership with 21Shares.

The SEC has approved 19b-4 forms for eight Ethereum ETFs, increasing access to crypto as an asset class for U.S. investors.

Issuers like VanEck and BlackRock have filed their required SEC filings on time, with Fidelity disclosing a management fee of 0.19%.

Advisors remain hesitant towards Bitcoin ETFs due to concerns about market timing and regulatory compliance, but investor interest remains strong.

The competitive 'fees war' in the market may have influenced Ark Investment's decision.

The world of Ethereum and Bitcoin ETFs continues to evolve, with potential revisions expected as the SEC reviews these filings.