Spot Ethereum ETF issuers have clarified their fees in amendments to their S-1 filings.
This is the final point. Everyone did it in time, as the US Securities and Exchange Commission wanted. As a reminder, according to#Bloombergsenior ETF analyst Eric Balchunas, the SEC asked issuers to file final S-1 forms on Wednesday and then request an effective Monday after the close for trading to begin on Tuesday, July 23.
Farside Investors has already created a page on which it will be possible to track daily trading results by issuer and in general.
Returning to commissions -#Grayscaleexcelled again, their commission is more than 10 times higher than their competitors:
-#FranklinTemplton(#THIS) - 0.19%,
-#Bitwise(#ETHW) - 0,20%,
-#VanEck(#ETHV) - 0,20%,
-#21Shares(#GETH) - 0,21%,
-#BlackRock(#ETHA) - 0,25%,
-#Fidelity(#FETH) - 0,25%,
-#InvescoGalaxy(#QETH) - 0.25% (announced on July 9),
-#Grayscale(#ETHE) - … 2,5%.
However, let us remind you that#Grayscaleis going to launch the Ethereum Mini Trust, to which it will send 10% of the#ETHlocated in their “big” Ethereum Trust (ETHE). And, unlike a large trust with its high commissions, in a mini trust the commissions will be more modest. Apparently, the same 0.25% that is indicated in the#FarsideInvestorstable in another column marked Grayscale.
According to analysts, this is how the company is reinsuring itself in the competition with other issuers and wants to reduce the potential outflow of capital from its hands. Similar to the outflow in the Bitcoin ETF story. The Grayscale Ethereum Trust currently manages approximately $9.985 billion in assets, making it the largest investment vehicle for ETH. The fund holds approximately 2.924 million #ETH.
The launch of Ethereum Mini Trust is scheduled for July 18, that is, today.
