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21Shares will charge a 0.21% management fee for its spot Ethereum ETF, operating under the ticker “CETH.” This fee disclosure follows the SEC’s call for Ethereum ETF issuers to finalize their S-1 forms by today, potentially sparking a fee war similar to what occurred with spot Bitcoin ETFs earlier this year. The ETF is set to launch on July 23.
Bloomberg ETF analyst Eric Balchunas highlighted that many issuers, including Invesco and Galaxy, initially omitted fee details in their filings to gauge the competitive landscape. Invesco and Galaxy plan to charge a higher 0.25% fee, while Franklin Templeton and VanEck have set their fees at 0.19% and 0.20%, respectively.
The launch of these ETFs signifies growing interest and competition in the crypto ETF market. As issuers submit their final forms, the fee structures may influence investor decisions, driving further interest in Ethereum and the broader cryptocurrency sector.
