[8 institutions submit updated documents for Ethereum ETF applications, Franklin Templeton and VanEck announce competitive management fees] According to reports, 8 institutions including Bitwise, BlackRock, Fidelity, Franklin Templeton, Grayscale, Invesco, VanEck and 21Shares have submitted updated documents for their spot Ethereum exchange-traded fund (ETF) applications, marking an important step in their efforts to obtain regulatory approval from the U.S. Securities and Exchange Commission (SEC). Bloomberg ETF analyst Eric Balchunas highlighted the progress, noting that the SEC is reviewing the documents to make final changes before approval. He predicts that these ETFs may be listed around July 2. In the updated documents, Franklin Templeton and VanEck announced competitive management fees of 0.19% and 0.2%, respectively, making them cost-effective options in the emerging spot Ethereum ETF market. BlackRock's $10 million seed investment in its proposed Ethereum spot ETF further demonstrates its commitment to the field.