Franklin Templeton, a multinational investment firm, has submitted an amended S-1 application for its proposed Ether (ETH) exchange-traded fund (ETF) product, becoming the first applicant to reveal fees to investors. The sponsor fees, accruing at a rate of 0.19% of the fund's net asset value daily, were disclosed in a filing with the SEC on May 31. Bloomberg ETF analyst Eric Balchunas noted Franklin's move as the start of an ETH ETF fee competition. While other firms like VanEck and Invesco also filed amended S-1 applications on the same day, they did not disclose sponsor fees. Balchunas mentioned a previous 'fee war' during the launch of spot Bitcoin ETFs in January, where issuers waived fees to attract investors. With BlackRock and Grayscale also making amendments, the possibility of Ether ETFs launching by June seems promising. Read more AI-generated news on: https://app.chaingpt.org/news