Spot Ethereum ETF Fees Revealed: Who Is Charging The Highest?
After a challenging battle and long hold, the SEC finally approved the Ethereum ETF in May, but there was a delay in the approval for the trading process. However, it is about to begin by the 23 July per the recent SEC announcement. Additionally, they have asked companies to finish the S-1 filings before next week, and eight are in the spotlight, especially as the Spot Ethereum ETF fees are revealed.
These eight ETF issuers will compete with the 11 Bitcoin spot ETF providers. It will be interesting to witness as BTC ETF is gaining quite a success since its launch in January. Per the Spotonchain, the net flow has been positive for eight days, bringing more than $16.5 billion by June 16.
Who Is Charging the Highest Spot Ethereum ETF Fees?
As per the latest filing reports, Grayscale is to charge the highest Spot Ethereum ETF fees with a 2.5% charge, which is much higher than the rest of the issuers. This is because the company is converting its Grayscale Ethereum Trust into the Spot. As a result, the charges are ten times higher than the competitors.
The next on the list are Blackrock, Fidelity, and Invesco Galaxy, where they will charge a 0.25% fee. 21 Share has offered lower charges as the fee is only 0.21%, followed by Bitwise and VanEck with a 0.20% charge.
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Lastly comes the Franklin Templeton, charging the lowest Spot Ethereum ETF Fess, which is only 0.19%.
Spot #EthereumETFs Issuers Fees in Latest Filings.
BlackRock – 0.25%
Fidelity – 0.25%
21Shares – Fee: 0.21%
Bitwise – Fee: 0.2%
Grayscale – Main ETF: 2.5% fee (converted from Grayscale Ethereum Trust)
Franklin Templeton: 0.19%
VanEck – 0.20%
Invesco Galaxy – 0.25%— Bitinning (@bitinning) July 18, 2024
Once the SEC gets the final approval next week, the Ether ETFs will be listed on the various stock exchanges. It includes the Nasdaq, New York Stock Exchange, and Chicago Board Options Exchange. With the exchange-traded funds, the investors will get to invest in the underlying crypto (Ethereum in this case) without the crypto wallets and the associated risk.
Comparing Spot Ethereum ETF Fees To Bitcoin ETF Fees?
Though there are 11 Spot Bitcoin ETF issuers, the most famous ones are the same as the Ethereum ETF. More importantly, almost all share the same fee structure. However, many of these Bitcoin issuers have offered discounted fees for a period or until a specific amount of asset funds is achieved.
| ETF Issuer | ETH ETF Fees | Bitcoin ETF Fees | Discount/ Waiver |
| Grayscale | 2.5% | 1.5% | N/A |
| BlackRock | 0.25% | 0.25% | 0.25% for the first 6 months or $5 billion |
| Fidelity | 0.25% | 0.25% | Fee Waived Until 1 August 2024 |
| Invesco Galaxy | 0.25% | 0.25% | Fee waived until July 11 or first $5 billion in fund assets |
| 21 Shares | 0.21% | 0.21% | 0% fees for the first 6 months or $1 billion |
| Bitwise | 0.20% | 0.20% | 0% fees for the first 6 months or $1 billion |
| VanEck | 0.20% | 0.20% | Fee waived until Mar. 31, 2025, or first $1.5 billion in fund assets |
| Franklin Templeton | 0.19% | 0.19% | Fee waived until Aug. 2, 2024, or $10 billion |
Final Thoughts
Even before the trading goes live, the expectations are high with this exchange-traded fund. Many claim that Ethereum ETF will bring Billions in inflows in the first six months, beating Bitcoin. Whatever the outcome is, ETH’s popularity is giving competition to BTC in the crypto market, and the same is expected here, especially after the Spot Ethereum ETF fee structure matches the Bitcoin one.
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