rogatinski evgen (rogatinski-evgen)

Several asset managers submitted revised proposals for an Ethereum exchange-traded fund (ETF) to the United States Securities and Exchange Commission on June 21. VanEck, BlackRock, Grayscale and Invesco Galaxy Digital released an updated S-1 Registration Statement following the close of the markets on Friday. Earlier in the day, Fidelity also filed a new S-1 form with the regulator. VanEck’s filing revealed a 0.20% management feed on its Ethereum fund, which is aligned with competitors such as Franklin Templeton, with 0.19% management fees. BlackRock has yet to announce how much its iShares Ethereum Trust (ETHA) will charge investors for management. According to Bloomberg analyst Eric Balchunas, VanEck’s fee adds “a touch of pressure on BlackRock to stay under the 30bps at least.” Previous amendments were submitted to the Commission over the past weeks. The S-1 approval is one of the last steps before the funds’ debut on Wall Street exchanges.

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