Ethereum ETFs Loom Large as BlackRock and Others Update S-1s
Seven major financial firms have moved a step closer to launching Ethereum ETFs, raising expectations among investors. These exchange-traded funds are linked to Ethereum, the world's second-largest cryptocurrency after Bitcoin.
ETF Fees Announced
Among the eight companies interested, Franklin Templeton and VanEck have revealed their ETF fees. Franklin Templeton's fee is 0.19%, while VanEck's fee is 0.20%.
Key Companies Involved
According to CryptoSlate, the firms updating their S-1 documents last Friday include:
- Franklin Templeton
- VanEck
- Invesco Galaxy
- BlackRock
- 21Shares
- Grayscale
- Fidelity
Bitwise is the only company that did not amend its registration statement.
SEC Approval Process
These filings are crucial steps for launching Ethereum ETFs after the Securities and Exchange Commission (SEC) approved Ethereum ETFs in May. This approval came in response to applications from major firms like Nasdaq, Intercontinental Exchange's NYSE, and Cboe Global Markets.
Potential Launch Date
Now that the amended filings are complete, crypto investors are eagerly waiting for the SEC's final approval. This approval could come as early as July 2. As one insider said, "Ball in SEC's court now."
Summary
- Seven major firms have updated their filings for Ethereum ETFs.
- Franklin Templeton and VanEck have announced their ETF fees.
- Final SEC approval is the next step, potentially as soon as July 2.
By staying updated on these developments, investors can better understand the ever-evolving landscape of cryptocurrency investments and the potential impact of Ethereum ETFs.
