Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»BlackRock and other issuers have updated their S-1 filings for their Ethereum spot ETF, raising expectations for a July launch.
ETHEREUM NEWS

BlackRock and other issuers have updated their S-1 filings for their Ethereum spot ETF, raising expectations for a July launch.

By Crypto FlexsJune 24, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BlackRock and other issuers have updated their S-1 filings for their Ethereum spot ETF, raising expectations for a July launch.
Share
Facebook Twitter LinkedIn Pinterest Email

Applicants for seven spot Ethereum ETFs amended their registration statements with the SEC on June 21, raising hopes for a trading start in early July.

Franklin Templeton, VanEck, Invesco Galaxy, BlackRock, 21Shares and Fidelity filed updated S-1 registrations for the funds.

Grayscale filed an Amended S-3 Registration for the Ethereum Trust and a Supplemental Amended S-1 Statement for the Mini Ethereum Trust. Bitwise has not amended the registration statement.

Bloomberg ETF analyst Eric Balchunas continued to predict that July 2 would be an over/under date for the fund’s launch following recent filings, saying:

“Anyway, that’s basically the finish. Now the ball is in the SEC’s court.”

He also maintained his view that the Ethereum ETF is unlikely to attract more than 20% of the AUM that the Bitcoin ETF attracted.

Fee disclosure

Franklin Templeton disclosed a 0.19% sponsor fee in updated filings. The company will waive fees on the first $10 billion in assets for six months. VanEck, meanwhile, has disclosed a similar 0.20% sponsor fee and plans to waive it for the first $1.5 billion in assets until an undisclosed date in 2025.

Balchunas believes lower fees will put pressure on BlackRock to announce sponsor fees of 30 basis points or less for funds. Notably, BlackRock and Fidelity have not yet disclosed sponsor fees for their ETFs.

Experts believe that BlackRock’s fees in particular will be a key factor that could intensify competition between companies. Balchunas said that aside from the launch date, asset manager fees were the most important omission.

According to analysts:

“(BlackRock’s) fee is the sun that the rest needs to orbit.”

The launch of a spot Bitcoin ETF in January sparked a “fee war” among issuers, with each issuer competing to offer competitively low fees. Current spot Bitcoin ETF fees typically range between 0.19% and 0.39%, but Grayscale’s GBTC has fees that are 1.5% higher.

seed investment

Invesco Galaxy disclosed a $100,000 seed deal on June 17 in which a seed investor purchased 4,000 shares at $25 per share.

Grayscale has disclosed the purchase of $100,000 of seed stock for a mini Ethereum Trust. On May 31, the sponsor purchased 10,000 shares at $10 per share.

Fidelity said its seed capital investor, FMR Capital, contributed $4.7 million to the trust on June 4 by purchasing 125,000 shares at $37.99 per share.

Meanwhile, BlackRock previously reported $10 million in seed funding for the ETF.

Mentioned in this article
Posted in: Ethereum, Cryptocurrency
recent Alpha market report
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Next chapter of ecosystem support program

August 31, 2025

Kindly, MD’s $ 5B Bitcoin Play comes as DATS raises fear of wider Altcoin fluidity.

August 27, 2025

Bitcoin News Today: Ether (ETH) is 5K $ 5K and BTC Eyes is recorded as Powell Sparks Rally. DAT transaction risk: Be careful with asset managers

August 23, 2025
Add A Comment

Comments are closed.

Recent Posts

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

BNB price forecast: Target $ 890- $ 900 in September 2025.

August 31, 2025

After BTS Star Jungkook has 39 billion hacking, South Korea will crack down on encryption fraud.

August 30, 2025

FY Energy Offers Industry-leading Cloud Computing Systems, Offering Opportunities For Daily Passive Income Of $7,580 Through Mining.

August 30, 2025

Four coins to be purchased as decisions for five branch XRP ETFs will be pushed until October.

August 30, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025
Most Popular

Huma Finance 2.0 is released in Solana, bringing a complex actual return to defects.

April 10, 2025

Swell plans a layer 2 ‘re-staking rollup’ with native governance tokens.

March 13, 2024

The best money for AI is cryptocurrency – Cointelegraph Magazine

November 27, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.