Firms fighting for a foothold in the Ethereum exchange-traded fund market submitted their amended registration statements in the last hours of the workweek. These filings furnished further details on seed investments and fees as they await the Securities and Exchange Commission's final sign-off.
"VanEck is in and so is their fee, which will be 0.20%, which is pretty damn low, right around Franklin's 0.19%," said Eric Balchunas, senior Bloomberg ETF analyst in a post on X on Friday. "Adds a touch of pressure on BlackRock to stay under 30bps at least. So far looks like Eth gonna be as low or even lower fees than btc."
Firms also disclosed seed investments on Friday. 21 Shares US LLC, which serves as the sponsor for the 21Shares Core Ethereum ETF, was the seed capital investor for the fund, the firm said in its amended filing. The sponsor bought 20,000 shares on June 18 adding to a $340,739 seed investment, according to the filing.
Franklin Templeton also disclosed its seed investment totaling $100,000 in its amended filing for the Franklin Ethereum ETF.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CoinDesk - 🏆 291. / 63 Read more »