Spot Ethereum ETF 'fee war' begins as Franklin Templeton discloses fees

Franklin Templeton has started the spot Ethereum ETF "fee war" by being the first to announce its fees in an amended S-1 application, according to ETF analyst Eric Balchunas.“The fees of the Sponsor accrues daily at an annualized rate equal to 0.19% of the net asset value of the Fund,” Franklin Templeton stated in aBloomberg ETF analyst Eric Balchunas declared that"the opening shot in the ETH ETF fee war has been fired from Franklin" in an Xon the same day.

The sponsor fees — which are fees to compensate the fund manager for administration expenses — are a competitive aspect of ETF products, as investors typically choose one with the lowest fees. While VanEck, Invesco, and Galaxy also submitted amended S-1 applications simultaneously on the same day, none had disclosed sponsor fees.that companies have to file with the SEC, including detailed information about the company and the securities they intend to offer or issue.Several of the issuers even went as far as waiving fees altogether in an effort to be more competitive.

He noted that there will likely be another round to “fine tune” SEC comments, but said that spot Ether ETF launch by the end of June is a “legit possibility:”Make meth, napalm with ChatGPT, AI bubble, 50M deepfake calls: AI Eye

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Franklin Templeton files amended S-1 for spot Ethereum ETF, lists 0.19% feeIt could take a few weeks before the S-1 forms become effective and spot Ethereum ETFs can begin trading.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Franklin Templeton claims Ethereum L2 Base 'hit a homerun' in SocialFiFranklin Templeton expects Base to remain a leader in the Ethereum Layer 2 sector, also driven by memecoin and stablecoin activity.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Base set for ‘material share’ of SocialFi activity: Franklin TempletonEthereum layer 2 Base will capture a “material share” of SocialFi activity on-chain, says trillion-dollar asset manager Franklin Templeton.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Franklin Templeton CEO says all ETFs and mutual funds will be on blockchainFranklin Templeton's CEO and President, Jenny Johnson, believes blockchain is the future of the financial industry.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Franklin Templeton's Jenny Johnson on Bitcoin ETFs, RWA Tokenization and Blockchain's Potential for TradFiKrisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Source: CoinDesk - 🏆 291. / 63 Read more »

JPMorgan expects spot Ethereum ETFs to begin trading 'well-ahead of November'Trading of recently approved spot ether exchange-traded funds could begin well before November, according to JPMorgan.
Source: TheBlock__ - 🏆 464. / 53 Read more »