According to Odaily, documents released by analyst Eric Balchunas reveal that 21Shares and Grayscale have each submitted revised S-1 forms for their Ethereum ETFs to the U.S. Securities and Exchange Commission (SEC). However, neither company has disclosed the fee rate for these products.
The documents, released by Balchunas, indicate that both 21Shares and Grayscale are seeking approval for their respective Ethereum ETFs. The revised S-1 forms are a necessary step in this process, as they provide the SEC with detailed information about the proposed funds. Despite this, the fee rates for these products have not been disclosed, leaving potential investors in the dark about the costs associated with these ETFs.
This move by 21Shares and Grayscale is the latest in a series of attempts by various companies to gain approval for cryptocurrency ETFs in the U.S. Despite the growing interest in these products, the SEC has yet to approve any cryptocurrency ETFs, citing concerns about market manipulation and investor protection. As such, the submission of these revised S-1 forms by 21Shares and Grayscale represents a significant step in their efforts to bring Ethereum ETFs to the U.S. market.