Ark no longer collaborates with 21Shares for Ethereum spot ETF, low fees are not profitable?

Cathie Wood stated last week that the expense ratio of Ark 21Shares Bitcoin ETF is only 0.21%, which will not yield any profit, as Ark considers Bitcoin as a “public good”. Although the S-1 document did not disclose the expense ratio of Ethereum ETF, according to Bloomberg analyst Eric Balchunas’ tweet, it is possible that the low fees led to Ark’s withdrawal. Additionally, 21Shares is gradually developing its own brand in the United States, despite being registered in Switzerland.