Eight Ethereum ETF applicants, including Bitwise, BlackRock, Fidelity, Franklin Templeton, Grayscale, Invesco, VanEck, and 21Shares, have all submitted updated filings for their spot Ethereum exchange-traded fund (ETF) applications, marking an important step in their race for regulatory approval from the Securities Exchange Commission (SEC).
Bloomberg ETF analyst Eric Balchunas highlighted the development, noting that the SEC is currently reviewing the documents to make final changes before approving them. Balchunas predicted that the listing date of these ETFs could be around July 2.
In the updated filing, several companies announced competitive management fees. Franklin Templeton set its fee at 0.19%, which was determined last month, while VanEck announced a fee of 0.2%. These moves make the two companies cost-effective options in the emerging spot Ethereum ETF market.
BlackRock's $10 million seed investment into its proposed Ethereum Spot ETF further demonstrates its commitment to the space.
Eight Ethereum ETF applicants, including Bitwise and BlackRock, have submitted updated documents for spot Ethereum ETF applications
2024-06-22 20:16:15
Bitwise BlackRock Fidelity Franklin Templeton Grayscale Invesco Vaneckdesk3cryptocurrencydesktopCrypto News
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