Ethereum ETFs: BlackRock, Franklin Templeton, VanEck Emerge

John Darbie
Photo: Finoracle.net

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.

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John Darbie is a seasoned cryptocurrency analyst and writer with over 10 years of experience in the blockchain and digital assets industry. A graduate of MIT with a degree in Computer Science and Engineering, John specializes in blockchain technology, cryptocurrency markets, and decentralized finance (DeFi). His insights have been featured in leading publications such as CoinDesk, CryptoSlate, and Bitcoin Magazine. John’s articles are renowned for their thorough research, clear explanations, and practical insights, making them a reliable source of information for readers interested in cryptocurrency. He actively follows industry trends and developments, regularly participating in blockchain conferences and webinars. With a strong reputation for expertise, authoritativeness, and trustworthiness, John Darbie continues to provide high-quality content that helps individuals and businesses navigate the evolving world of digital assets.