Several prominent asset management firms have submitted updated proposals for Ethereum exchange-traded funds (ETFs) to the U.S. SEC. VanEck, BlackRock, Grayscale, and Invesco Galaxy Digital are among the companies that filed revised S-1 Registration Statements, with Fidelity also entering a new filing.
VanEck’s filing disclosed a management fee of 0.20% for its proposed Ethereum ETF, aligning with Franklin Templeton, which announced a 0.19% management fee for its offering. In contrast, BlackRock’s iShares Ethereum Trust (ETHA) has not yet disclosed its management fee, but industry analysts suggest that VanEck’s fee announcement may influence pricing strategies among other contenders.
According to Bloomberg analyst Eric Balchunas, VanEck’s fee disclosure introduces “a touch of pressure on BlackRock to stay under the 30 basis points mark.” This competitive dynamic underscores issuers’ strategies to attract investors by offering cost-effective exposure to Ethereum’s price movements.
With these latest filings, industry experts anticipate that SEC approval for Ethereum ETFs could pave the way for trading to commence before the U.S. Independence Day holiday, positioning these funds for a potential early July launch. This timeline aligns with recent approvals for exchanges like Nasdaq, CBOE, and NYSE to list Ethereum-linked ETFs, following the SEC’s landmark approval of Bitcoin ETFs earlier this year.
The availability of Ethereum ETFs will enable investors to have easy access to Ether’s price fluctuations without necessarily investing directly in the digital asset.
According to market research, interest in Ethereum ETFs can contribute to increased market acceptance of cryptocurrency and additive effects similar to those caused by Bitcoin ETFs.
Also read: Bitwise Updates S-1 for Ethereum ETF Following SEC Feedback
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