Ethereum ETF fund countdown, ETH price is about to start a big surge
Recently, affected by the sentiment of the news, the price of Bitcoin and the crypto market have rebounded. The only topic left on the agenda at present is the Ethereum ETF fund.
BlackRock is ready to launch a spot Ethereum exchange-traded fund (ETF) next week, with a proposed fee of 0.25%.
According to BlackRock's S-1 registration statement filed on July 17, the fee will accrue daily at an annual rate of 0.25% of the fund's net asset value and will be paid at least quarterly in US dollars, in kind or both.
Initially, BlackRock planned to waive the fee at launch, similar to the approach taken by its iShares Bitcoin Trust, which charges a fee of 0.12% in the first year of trading until net assets reach $2.5 billion.
Both Invesco Galaxy and BlackRock set the fee at 0.25%, although the latter has an arrangement that allows fee waivers. Bitwise has announced that its fee is 0.20%, with an initial discount for the first $500 million in assets.
Grayscale's mini Ethereum ETF has a fee of 0.25%, with a maximum waiver of $2 billion or 12 months. Franklin Templeton's fee is the lowest at 0.19%, with a significant reduction until January 2025.
Now there is not much time left for the approval of the Ethereum spot ETF. Today, major spot ETF applicants have successively submitted their latest application documents. Currently, 9 Ethereum spot ETF applicants have successively disclosed the fee rates of their spot ETFs!
These signs clearly indicate that the Ethereum ETF will soon be approved by the US SEC for listing and trading! There is not much time left for us.
Then, let's talk about the performance after listing. Many people think that the Ethereum ETF will fall after it is approved, and the decline may even be quite large. However, I have always believed that what happened in the past may not happen in the current currency circle. On the contrary, the probability of rising is high. Now the market sentiment has completely changed. I think the market crash after the Ethereum ETF is approved may be much lower than expected. The subsequent trend of ETH will be similar to that of Bitcoin from January to March. Bitcoin rose by 50% during this period. So now my suggestion is not to consider short-term price fluctuations, just take the long-term.
