Several asset managers, including VanEck, BlackRock, Grayscale, and Invesco Galaxy Digital, submitted revised proposals for Ethereum exchange-traded funds (ETFs) to the U.S. Securities and Exchange Commission (SEC) on June 21.
VanEck disclosed a 0.20% management fee for its Ethereum fund, slightly above Franklin Templeton’s 0.19%, while BlackRock has yet to announce its fee for the iShares Ethereum Trust (ETHA). Bloomberg analyst Eric Balchunas noted this might pressure BlackRock to stay under 30bps.
These updates follow recent amendments and come ahead of the funds’ expected debut on Wall Street, predicted to be in the first week of July. The SEC’s approval in May allowed major asset managers to list and trade eight spot Ether ETFs.
Fidelity revealed a $4.7 million seeding by FMR Capital in its updated filing. Bitwise also updated its ETF proposal, including a potential $100 million investment from Pantera Capital.
Hashdex seeks approval for a new ETF combining spot Bitcoin and Ether, having recently abandoned plans for an Ether-only ETF.
