Franklin Templeton filed an amended S-1 form with the Securities and Exchange Commission on Friday for its spot Ethereum ETF application. 

The financial institution is one of several that, after successfully launching a spot Bitcoin ETF, is now trying to complete the necessary regulatory steps to launch a similar product that will allow investors to bet on the price of Ethereum without having to buy the cryptocurrency directly.

Franklin Templeton plans to charge a 0.19% sponsor fee, according to its filing. This is the same percentage it charges for its spot bitcoin ETF (EZBC), which is the cheapest among its peers. 

Bloomberg Senior ETF Analyst Eric Balchunas quickly commented on the proposed fee. "The opening shot in the Eth ETF fee war has been fired from Franklin, 19bps," …