During a fireside chat, Cathie Wood revealed Ark's spot bitcoin ETF wasn't profitable due to low fees in a competitive landscape.
"Perhaps this is a simple business decision," said Nate Geraci, highlighting the challenge of making profits amidst fierce fee competition in ETFs.
Grayscale's higher 1.5% fee for its Bitcoin ETF led to a loss of investor assets, indicating the impact of fee structures in the ETF market.
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