Ark Invest has decided to exit the race for an Ether ETF, leaving 21Shares to continue on with their rebranded fund. This decision marks a shift in the crypto investment landscape. Ark Invest’s departure opens up opportunities for other players in the market to step in and potentially fill the void left behind. On the other hand, 21Shares is moving forward with their rebranded fund, showing confidence in their offering despite the competition. This development highlights the dynamic nature of the crypto industry, with companies constantly adapting and evolving to meet the changing demands of investors. While Ark Invest may have chosen to step back from this particular race, it will be interesting to see how 21Shares and other players in the market fare in the increasingly competitive world of crypto ETFs.