Ethereum ETF Providers Update Fee and Investment Details in Filings

Several prominent asset managers have submitted revised proposals for Ethereum exchange-traded funds (ETFs) to the United States Securities and Exchange Commission (SEC). The filings by VanEck, BlackRock, Grayscale, Invesco Galaxy Digital, and Fidelity aim to provide updated information on their respective Ethereum funds.

In recent filings, VanEck disclosed a management fee of 0.20% for its Ethereum fund, which is in line with competitors like Franklin Templeton, charging 0.19% in management fees. However, BlackRock has not yet announced the fee structure for its iShares Ethereum Trust (ETHA). Analysts suggest that VanEck’s fee announcement puts pressure on BlackRock to keep their management fees below 30 basis points (0.30%) at the very least.

Ethereum ETFs: The Final Step

The approval of the S-1 registration statement is one of the final steps before the ETFs can debut on Wall Street exchanges. Analysts predict that the funds will launch in the first week of July, just before the U.S. Independence Day holiday.

Seed Investments and Fees

Fidelity’s updated filing revealed that FMR Capital, one of its affiliates, has seeded the fund with $4.7 million at a price of $38 per share. Bitwise also updated its ETF proposal, indicating a potential $100 million investment from Pantera Capital upon the ETF’s trading launch. These new filings include more details on seed investments and fees, boosting confidence that these ETFs might soon begin trading.