Ethereum ETF Providers Update Fee and Investment Details in Filings

Ethereum spot ETF
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Author
Ruholamin Haqshanas
Author Categories
About Author

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad DisclosureWe believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more

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, Eric Balchunas, an analyst at Bloomberg, noted in a recent post on X.

VanEck’s filing 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. On the other hand, BlackRock has not yet announced the fee structure for its iShares Ethereum Trust (ETHA).

Balchunas suggested that VanEck’s fee announcement puts pressure on BlackRock to keep their management fees below 30 basis points (0.30%) at the very least.

S-1 Approval is Final Step For Ether ETFs

The approval of the S-1 registration statement is one of the final steps before the ETFs can debut on Wall Street exchanges.

Balchunas predicts that the funds will launch in the first week of July, just before the U.S. Independence Day holiday.

In May, the SEC approved a rule change that allowed major asset managers, including VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise, to list and trade eight spot Ether ETFs.

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 with the SEC on June 19, indicating a potential $100 million investment from Pantera Capital upon the ETF’s trading launch.

In addition to these filings, Hashdex is seeking regulatory approval for a new ETF that combines spot Bitcoin and Ether.

Previously, Hashdex had abandoned plans to launch an ETF dedicated solely to Ether.

Ethereum ETF Approval Was Political

Bloomberg ETF analyst James Seyffart believes the approval of spot Ethereum ETFs was likely influenced by political decisions rather than purely financial considerations.

In a recent interview, Seyffart suggested that the political climate, including actions by the Biden administration and responses from the crypto community, played a significant role in the approval to go through.

Beyond Bitcoin and Ethereum, the approval of other crypto ETFs, including Solana, is unlikely without significant regulatory changes, Seyffart said.

He noted that a regulated market is needed to monitor these assets for fraud and manipulation.

In contrast, crypto investor and trader Brian Kelly has suggested that Solana could potentially become the next cryptocurrency to have a spot ETF in the United States.

In a recent episode of CNBC’s ‘Fast Money’, Kelly, who is also the founder and CEO of the BKCM Digital Asset Fund, posed the question, “The trade now is, who’s next?”

He then suggested, “You’ve got to think about Solana as probably the next one. Bitcoin, Ethereum, and Solana are probably the big three for this cycle.”

Meanwhile, Bitwise has launched its first Ether ETF commercial. The 39-second clip, which showcases the advantages of Ethereum, can also be minted on the Ethereum blockchain.

More Articles

Industry Talk
$1 Billion USDT Gets Minted on TRON – Will TRX Hit $1?
Tim Hakki
Tim Hakki
2025-02-07 18:10:07
Industry Talk
Trump Meme Coin Hit With Legal Complaint – Is a Total Collapse Coming?
Harvey Hunter
Harvey Hunter
2025-02-07 17:52:52
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors