With the Spot Ethereum ETFs set to officially launch early next week, BlackRock has revealed its rather competitive 0.25% fee in updated filings. The $10 trillion asset manager is one of many issuers that have already set their fees for the impending product.
Issuers had submitted their final amended S-1 forms, that give detailed sponsor fee and waiver information, to the US Securities and Exchange Commission (SEC). BlackRock is among the most competitive. The firm already has the leading Spot Bitcoin ETF.
Also Read: Ethereum ETF Debut: Shaking Up the Crypto World
BlackRock and Other Issuers Release Fee Information As ETH ETF Nears Arrival
The crypto market could be set to see another massive surge this year. Indeed, the SEC has approved its second crypto-based ETF. If Bitcoin is any point of reference, the market should be in for a fairly positive reaction. After launching in January, BTC reached an all-time high of $73,000 just three months later.
In anticipation of the Ethereum ETF launch, BlackRock and other issuers have revealed their fees. The leading asset manager announced a 0.25% sponsor fee. Moreover, they will reportedly only charge 0.12% of that fee for the first 12 months, or up to the first $2.5 billion.
Fidelity revealed a 0.25% fee, while also announcing its ETH ETF waiver. The firm said it will waive the fee until December 31st. Additionally, both 21Shares and Bitwise revealed a 0.21% and 0.2% fee, respectively. Both firms opted to waive it for the first six months, or up to the first $500 million.
Also Read: Ethereum ETFs Expected to Officially Launch July 23
Grayscale and Franklin Templeton have also revealed their ETH ETF fees. The former has revealed a 2.5% fee, while the latter would have a 0.19% fee. For Franklin Templeton, the fee will be waived for the first $10 billion, until January 31st, 2025.
VanEck had previously revealed its 0.20% and gave more waiver information. It stated that the trust will offer a free waiver period from 12 months or to the first $1.5 billion. Bloomberg’s Eric Balchunas noted that the investment products will see some struggles in competing with the already established BTC offerings. Specifically, he expressed concern with how Grayscale’s high 2.5% fee could affect that pursuit.