The Block Crypto News10 minutes ago

Published on July 09, 2024 14:13 GMT+00:00edited on July 09, 2024 14:14 GMT+00:00

Issuers for the Invesco Galaxy Ethereum exchange-traded fund set its fee at 0.25% in the latest round of filings as firms seek to launch spot Ethereum ETFs.

The fund disclosed its fee in an amended S-1 registration statement filed to the U.S. Securities and Exchange Commission on Tuesday. Invesco Galaxy's fee is a bit higher than other firms that have disclosed. VanEck set its fee at 0.20% after Franklin Templeton set its at 0.19% last month.

"The Trust will pay the Sponsor a unified fee of 0.25% per annum (the 'Sponsor Fee') as compensation for services performed under the Trust Agreement (as defined herein). The Trust’s only ordinary recurring expense is the Sponsor Fee," Invesco Galaxy said in its latest filing.

Several other firms filed their amended registration statements on …