🚀Fight over handling fees among Ethereum spot ETF issuers before listing
📉Currently, there are several Ethereum spot ETFs on the market, including Franklin Templeton, VanEck, Bitwise, 21Shares, Fidelity, iShares, Grayscale Mini, etc. In order to grab market share, these institutions are engaged in fierce price wars and have launched zero-fee promotions. Among them, VanEck, 21Shares, iShares, and Grayscale Mini even waived handling fees for one year in order to grab users.
💼 At the same time, after the promotion period ended, Franklin Templeton's handling fee was 0.19%, the lowest in the market. VanEck and Bitwise's handling fees were 0.2%, and 21Shares' was 0.21%. The Ethereum ETF handling fees of Fidelity, iShares, Grayscale Mini, and Invesco Galaxy were 0.25%.
📊 However, Grayscale's native Ethereum ETF has a transaction fee of 2.5%, which I think is the main reason why Grayscale ETHE plummeted 10.28% today.
💡But if you are an adventurous investor, with ETHE's 10% drop, it is equivalent to giving you a chance to get a 10% ETH spot ETF for free.
👀It is reported that the launch of the Ethereum spot ETF is expected to start trading next Tuesday, which may bring new vitality to the market. But before that, ETHE investors need to pay close attention to every move in the market.
💬What do you think about the Ethereum spot ETF's fee dispute and Grayscale's ETHE's one-day drop of 10%? Share your thoughts in the comments!
