The Crypto Roundup: 18 July 2024 | CryptoCompare.com

Asset managers vying to launch spot Ether exchange-traded funds (ETFs) submitted their final filings with the U.S. Securities and Exchange Commission (SEC) ahead of a potential launch next week.

BlackRock, Fidelity, 21Shares, Grayscale, Bitwise and Invesco Galaxy all filed amended S-1 registration statements with the SEC, with the filings coming after months of anticipation and regulatory scrutiny.

The SEC had previously approved 19b-4 forms from NYSE Arca, Cboe, and Nasdaq for various spot Ether ETF applications in May, clearing a key hurdle and indicating it would ultimately approve these funds for trading.

The recent S-1 filings reveal final details of the fund structures including their management fees, which ultimately led to a fee war after the launch of spot Bitcoin ETFs earlier this year that saw various issuers temporarily waive fees.

Grayscale stands out with a 2.5% fee on its main product, significantly higher than its competitors, while its Mini Ethereum Trust is set to have a 0.25% fee, the same fee BlackRock and Fidelity will charge on their spot Ether ETFs, but above the 0.21% 21Shares will charge. Bitwise, VanEck, and Invesco Galaxy set their fees at 0.2%, will Franklen Templeton set it at 0.19%.

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• Source: https://www.cryptocompare.com/email-updates/daily/2024/jul/18/