What are your water parameters? High nitrates can cause fin burn, and seem to be especially likely in some fish.
Poor water quality is also likely to lead to finrot. High pH can be stressful to arows, but I don't know if it would necessarily lead to frayed fins.
As an arow is growing their fins can look kind of tattered sometimes because they grow so fast, and they may not grow back evenly at first, so that could also be the case.
But definately check water parameters.
If you want my honest opinion, the first case doesn't look like finrot either, it looks like fin burn from high nitrates, ammonia or nitrites.
High TDS can also cause frayed looking fins in some fish, even if your pH isn't that high.