Franklin Templeton proposes a 0.19% fee in its amended Spot Ethereum ETF S-1

2024-6-1 23:29

Franklin Templeton files amended S-1 for spot Ethereum ETF with 0.19% fee. SEC requires all spot Ethereum ETF issuers to file amended S-1 forms by Friday. Franklin Templeton’s spot Bitcoin ETF also charges a 0.19% fee and currently manages $350M in assets.

Franklin Templeton has filed its amended S-1 form for spot Ethereum ETF following SEC’s directive that all spot Ethereum ETF issuers should send in their amended S-1 forms by Friday.

In the amended S-1, Franklin Templeton plans to charge a competitive 0.19% sponsor fee for the ETF, which is could be the lowest among its peers.

Franklin Templeton success with crypto ETFs

Franklin Templeton was among the eleven firms whose spot Bitcoin ETFs were approved by the SEC at the start of the year.

The firm’s foray into the Ethereum ETF space is buoyed by the success of its spot Bitcoin ETF, which currently manages approximately $350 million in assets. This strong performance of the Bitcoin ETF underscores the firm’s capability in managing cryptocurrency investment products and sets a promising precedent for its upcoming Ethereum ETF.

Its spot ether ETF application positions it among a growing number of financial institutions seeking to offer investors exposure to Ethereum, the second-largest cryptocurrency by market capitalization, without the need to directly purchase the digital asset.

Franklin Templeton’s aggressive crypto ETFs fee structure

Franklin Templeton’s proposed 0.19% fee mirrors the fee structure of its spot Bitcoin ETF (EZBC), which is also set at 0.19%, making it the lowest among similar financial products currently available.

Initially, Franklin Templeton did not charge any fee for investing in its spot Bitcoin ETF, a strategy likely designed to attract initial investors and build momentum.

Eric Balchunas, Bloomberg’s Senior ETF Analyst, commented on Franklin Templeton’s aggressive fee structure in a post on X saying, “The opening shot in the Eth ETF fee war has been fired from Franklin, 19bps.”

Balchunas’ comment highlights the competitive nature of the burgeoning Ethereum ETF market, where cost efficiency is a critical factor for attracting investors.

As firms rush against time to beat the Friday deadline, the stage is set for a new wave of Ethereum-based financial products to enter the market.

Although it may take a few weeks for these filings to become effective, the expectations that the ETFs could begin trading in a month’s time if not in a few weeks’ time.

The post Franklin Templeton proposes a 0.19% fee in its amended Spot Ethereum ETF S-1 appeared first on CoinJournal.

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etf spot templeton s-1 franklin amended ethereum

Источник: coinjournal.net

etf spot → Результатов: 126


Ethereum ETF: Franklin Templeton Enters The Fray As ETH Rallies

Wall Street titan and Asset manager Franklin Templeton has applied for an Ethereum Spot Exchange-Traded Funds (ETF) after a struggle to gain approval for their Bitcoin Spot ETF in early January. Asset Manager Files For Spot Ethereum ETF Asset managers have gravitated toward the Ethereum spot ETF since the United States Securities and Exchange Commission (SEC) approved the Spot Bitcoin ETF.

2024-2-14 18:00


Bitcoin ETF: Grayscale Pushes Back Against SEC’s “Capricious” Behavior, Fidelity Bypass US to Launch Spot ETF in Canada

Grayscale sent a letter to SEC regarding its repeated rejection of physically-backed Bitcoin ETFs, which it says violates the Administrative Procedure Act (APA). The post Bitcoin ETF: Grayscale Pushes Back Against SEC’s “Capricious” Behavior, Fidelity Bypass US to Launch Spot ETF in Canada first appeared on BitcoinExchangeGuide.

2021-12-1 20:21


Фото:

Gemini’s David Abner says the SEC will approve a spot BTC ETF in 2022

David Abner, the Global Head of Business Development at leading cryptocurrency exchange Gemini, believes the SEC will eventually approve a pure-play Bitcoin (BTC/USD) ETF. Abner shared his bullish opinions during the November 22 episode of CNBC’s ETF Edge, saying approving a pure-play BTC ETF would be the answer to the regulator’s crypto conundrum.

2021-11-24 21:55


Фото:

Timo Lehes says SEC rejected VanEck’s BTC ETF because the market is not ready

Timo Lehes, the Managing Director at Swarm Capital, believes the US Securities Exchange Commission (SEC) rejected VanEck’s Bitcoin ETF because the market is not ready. Lehes shared his sentiments earlier today, noting that the authority appears unwilling to expose consumers to BTC’s spot market because it is still uncomfortable with manipulation in BTC’s market.

2021-11-18 01:14


SEC Rejects VanEck Spot Bitcoin ETF, But its Futures ETF Finally Coming Next Week

The US Securities and Exchange Commission (SEC) rejected rule changes that would have allowed the listing and trading of the VanEck Bitcoin exchange-traded fund (ETF). In March, the Cboe BZX Exchange filed a proposed rule change to list and trade shares of the Bitcoin Trust, but the SEC again rejected the physically-backed ETF after delaying […] The post SEC Rejects VanEck Spot Bitcoin ETF, But its Futures ETF Finally Coming Next Week first appeared on BitcoinExchangeGuide.

2021-11-13 18:15


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