Grayscale Ethereum ETF Mini-Trust Announces Full Fee Waiver Up to This Limit

Bhushan Akolkar
July 19, 2024
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US SEC Reviews Grayscale Ethereum ETF Staking Proposal Decision

Highlights

  • Grayscale lowers its Ethereum mini-trust fees to 15 basis points making it the lowest among other competitors.
  • ETF Store President Nate Geraci commended Grayscale for its strategic move.
  • Traders are having a watch on Ethereum options expiry later today with put/call ratio of 0.36.

With just four days left into the launch of the spot Ethereum ETF, Grayscale has announced some major changes to its fee structure thereby making its ETH mini-trust the cheapest among its competitors.

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Grayscale Ethereum ETF Fee Waiver

Earlier this week, Grayscale announced the Ethereum ETF fee structure at a staggering 2.5% making it 10x more costly than all of its competitors in the market. This move put Grayscale in a bad light with analysts stating that the asset manager hasn’t learnt enough lessons despite outflows from its spot Bitcoin ETFs in the past six months.

As part of this course correction, Grayscale cut short the fees of its Ethereum mini-trust to just 15 basis points. Furthermore, the asset manager has announced a complete fee waiver for up to $2 billion in inflows or six months whichever is early.

Interestingly, this fee revision makes the Grayscale Ethereum mini-trust the cheapest among all of the ETH ETF issuers currently in the market.

Also Read: Ethereum ETF Launch Doesn’t Guarantee Solana ETF Approval

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Nate Geraci Praises Grayscale

ETF Store President Nate Geraci has applauded Grayscale for undertaking this strategic shift and competing with other market players. Geraci stated, “Bravo, Grayscale… This is how you go for the jugular.”

Geraci further added that Grayscale has paved the regulatory path for the spot Bitcoin ETF and Ethereum ETFs. Thus, he added that there is no reason not to capitalize on this advantage by taking a leadership position in the spot crypto ETF category.

The Ethereum price has remained largely stable after rallying all the way up to $3,500 earlier this week. As of press time, ETH is trading around $3,400 as investors cautiously await the ETF launch next week.

As per data from Deribit, Ethereum options with a notional value of $0.48 billion are set to expire today. The put/call ratio is only 0.36 which suggests that the market is majorly bullish. On the other hand, the max pain point stands at $3,150.

Also Read: Is Ethereum ETF Launch “Sell The News” Event Like Bitcoin ETF?

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.