Eight Ether ETF Applicants, Including Bitwise, BlackRock, Have Filed Updates to Spot Ether ETF Applications

Eight Ether ETF applicants, including Bitwise, BlackRock, Fidelity, Franklin Templeton, Grayscale, Invesco, VanEck and 21Shares, have all filed updates to their spot Ether exchange-traded fund (ETF) applications, marking a significant step forward in the race to gain regulatory approval from the U.S. Securities and Exchange Commission (SEC). A step forward. Bloomberg ETF analyst Eric Balchunas highlighted the development, noting that the SEC is currently reviewing the filings to make final changes before approval, and Balchunas predicted that the ETFs could have a launch date around July 2nd. In the updated filings, several firms announced competitive management fees, with Franklin Templeton setting its fee at 0.19%, a rate set last month, and VanEck announcing a fee of 0.2%. These moves make both firms cost-effective options in the emerging spot Ether ETF market. BlackRock further demonstrated its commitment to the space by putting $10 million in seed investment into its proposed spot Ether ETF.