Spot Ethereum ETF issuers post fee and seed investment disclosures in latest wave of amended filings | Headlines | News | CoinMarketCap

06/22/2024 04:41
Spot Ethereum ETF issuers post fee and seed investment disclosures in latest wave of amended filings | Headlines | News | CoinMarketCap

Firms fighting for a foothold in the Ethereum exchange-traded fund market submitted their amended registration statements in the last hours of the …

Firms fighting for a foothold in the Ethereum exchange-traded fund market submitted their amended registration statements in the last hours of the workweek. These filings furnished further details on seed investments and fees as they await the Securities and Exchange Commission's final sign-off.

BlackRock, VanEck, Franklin Templeton, Grayscale Investments and 21Shares filed those amended statements Friday afternoon. So far, two of the issuers have disclosed fees. In May, Franklin Templeton set its fee at 0.19% for its Ethereum ETF. On Friday, VanEck disclosed its fee would be set at 0.20%. 

"VanEck is in and so is their fee, which will be 0.20%, which is pretty damn low, right around Franklin's 0.19%," said Eric Balchunas, senior Bloomberg ETF analyst in a post on X on Friday. …

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