hold or not - Ethereum ETF Issuers Race to Launch Funds Amid Competitive Fee Strategies

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LIVE UPDATES • Ethereum ETF Issuers Race to Launch Funds Amid Competitive Fee Strategies • Grayscale Ethereum Mini Trust Approved With 0.25%% Asset Management Fee • State Street Stablecoins and Deposit Tokens Are Now Being Promoted • Odds of a BONK Rally Amidst the 84B Token Burn Proposal Increase, Mpeppe (MPEPE) Poised for Explosive Growth • TON Teleport BTC Prepares To Launch To Support Seamless Bitcoin Transfers • Bitcoin Miner Cipher Sale Considered Amidst Surging Data Center Demand • German Government Bitcoin Sale Helps Recover Nearly $2.9 Billion • 21Shares Spot Ethereum ETF Management Fee Slashed to Just 0.21%! • Grayscale Decentralized AI Fund Unveils Investments In Top AI Blockchains • Upbit Trading Volume Plummets 44.8% Amid South Korea Regulations!

News Ethereum ETF Issuers Race to Launch Funds Amid Competitive Fee Strategies 1 min - Around 2 mins mins to read

Key Points:

Major Ethereum ETF issuers including BlackRock, Fidelity, Invesco, and Bitwise are preparing to launch Ether ETFs, with competitive fee structures submitted to the SEC.

The SEC has given preliminary approval to list spot Ether ETFs by July 23, with multiple issuers awaiting final regulatory clearance.

Ethereum ETF issuers like BlackRock, Fidelity, Invesco, and Bitwise have submitted fee structures to the SEC, preparing for a debut possibly next week. These funds will directly hold Ether, the second-largest cryptocurrency, and are awaiting final regulatory approval.

Read more: Grayscale Ethereum Mini Trust Approved With 0.25%% Asset Management Fee

Ethereum ETF Issuers Gear Up with Competitive Fees

Grayscale Investments disclosed it would maintain a 2.5% fee for its Grayscale Ethereum Trust (ETHE) upon conversion to a spot Ether ETF, significantly higher than competitors. They also announced a new product, the Grayscale Ethereum Mini Trust (ETH), seeding it with 10% of ETHE’s assets, over $1 billion based on current AUM. The Mini Trust will charge a 0.25% fee, reduced to 0.12% for the first year or until reaching $2 billion AUM.

BlackRock and Fidelity plan to charge a 0.25% sponsor fee, with initial discounts: BlackRock at 0.12% for the first $2.5 billion or 12 months, and Fidelity waiving fees until year-end. Bitwise and 21Shares set their fees at 0.20% and 0.21%, respectively, with six-month waivers or until hitting $500 million AUM.

VanEck’s fee is 0.21%, waived for 12 months or until $1.5 billion AUM. Franklin Templeton proposes a 0.19% fee, waived until reaching $10 billion AUM or until January 31, 2025. Invesco Galaxy will charge 0.25% without a waiver.

SEC Nears Approval for Multiple Spot Ether ETFs

“ This just shows how competitive these issuers expect things to be — and it’s going to be a battle to raise assets,” said James Seyffart, Bloomberg Intelligence analyst. He noted that many issuers faced similar competition with Bitcoin ETFs launched earlier this year, which collectively amassed $16.5 billion, with BlackRock’s Bitcoin ETF, IBIT, leading with $21 billion in assets.

The SEC has given preliminary approval to at least three Ethereum ETF issuers to list spot ETFs by July 23, with eight awaiting final approval after extensive dialogues and multiple amendments to their S-1 filings.

Blackrock ETF ETH Ethereum Ethereum ETF Issuers Grayscale SEC Spot Ethereum ETF

Author Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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Ethereum ETF Issuers Race to Launch Funds Amid Competitive Fee Strategies