Critical Development Happened in Ethereum ETFs: They Are About to Be Traded! Here is the Latest Information

Ethereum In the race to gain a foothold in the ETF market, several companies have filed updated registration statements.

These filings, filed in the final hours of the workweek, provide additional details about seed investments and fees as firms await the final signature from the Securities and Exchange Commission.

BlackRock, VanEck, Franklin Templeton, Grayscale Investments, Invesco Galaxy and 21Shares were among the firms that filed these updated statements Friday afternoon. To date, two of the issuers have disclosed their fees. In May, Franklin Templeton set its fee for its Ethereum ETF at 0.19%. Yesterday, VanEck announced that its fee will be set at 0.20%.

Eric Balchunas, a Bloomberg ETF senior analyst, commented on the fee disclosures in a post published yesterday:

“VanEck is also involved and their fee will also be 0.20%, which is quite low, around Franklin’s 0.19% fee. This puts some pressure on BlackRock to at least stay below 0.30%. It seems that Ethereum, Bitcoin “It will have wages as low or even lower.”

Companies also announced their seed investments on Friday. 21 Shares, the backer of the 21Shares Core Ethereum ETF, was the fund’s core equity investor. According to its renewed filing, the sponsor purchased 20,000 shares on June 18, contributing to a seed investment of $340,739.

Analysts expect these ETFs to begin trading around July 2.

*This is not investment advice.