Franklin Templeton files amended S-1 for spot Ethereum ETF, lists 0.19% fee

Franklin Templeton filed an amended S-1 form with the Securities and Exchange Commission on Friday for its spot Ethereum ETF application.

Franklin Templeton plans to charge a 0.19% sponsor fee, according to its filing. This is the same percentage it will charge for its spot Bitcoin ETF — the cheapest among its peers — come August. Initially the firm is not charging a fee to invest in its spot bitcoin ETF. The SEC told prospective spot Ethereum ETF issuers to file their amended S-1 forms by Friday, The Block previously reported. However, it could take a few weeks for the S-1 forms become effective and the new financial products to begin trading.

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