Towards the End for Ethereum Approval: Giant Companies Made a Critical Update!
Giant companies have updated their spot Ethereum (ETH) exchange-traded fund applications.
With just a few days left for the possible spot Ethereum ETF, giant companies have updated their S-1 files. In the update made to the files, ETF participation fees and seed investment explanations were included.
Companies that updated their application included BlackRock, Invesco Galaxy, VanEck, Franklin Templeton, Grayscale Investments and 21Shares.
Lower fees than Bitcoin
Making a statement on the subject, Bloomberg's senior ETF analyst Eric Balchunas noted that participation fees in spot Ethereum ETFs are as low as Bitcoin ETFs and even lower than those of Bitcoin funds offered by some companies:
VanEck is also involved and their fee will also be 0.20%, which is quite low, around Franklin's 0.19%. It puts some pressure on BlackRock to at least stay below 30bps. So far it looks like Ethereum will have fees as low as Bitcoin or even lower.
The SEC approved the 19-4b filings for Ethereum ETFs last month. S-1 filings also need to be approved for final approval and opening of the trading transaction. Analysts think this approval will come on July 2.