{"id":25319,"date":"2024-07-18T14:00:36","date_gmt":"2024-07-18T11:00:36","guid":{"rendered":"https:\/\/coinengineer.io\/?p=25319"},"modified":"2024-07-18T10:11:09","modified_gmt":"2024-07-18T07:11:09","slug":"fee-race-in-spot-ethereum-etfs-blackrock-and-competitors-plans","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/fee-race-in-spot-ethereum-etfs-blackrock-and-competitors-plans\/","title":{"rendered":"Fee Race in Spot Ethereum ETFs: BlackRock and Competitors&#8217; Plans"},"content":{"rendered":"<p>Asset management firm <strong>BlackRock<\/strong> has announced a 0.25% fee for its <strong>spot Ethereum exchange-traded fund (ETF)<\/strong> as it prepares for a potential launch next week. The details, filed in BlackRock\u2019s S-1 registration statement on July 17, outline that this fee will be accrued daily at an annualized rate and payable every three months in US dollars, in-kind, or a combination of both.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/fee-race-in-spot-ethereum-etfs-blackrock-and-competitors-plans\/#Fee_Structure_and_Waivers\" title=\"Fee Structure and Waivers\">Fee Structure and Waivers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/fee-race-in-spot-ethereum-etfs-blackrock-and-competitors-plans\/#Regulatory_Approvals_and_Launch_Expectations\" title=\"Regulatory Approvals and Launch Expectations\">Regulatory Approvals and Launch Expectations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/fee-race-in-spot-ethereum-etfs-blackrock-and-competitors-plans\/#Market_Impact_and_Predictions\" title=\"Market Impact and Predictions\">Market Impact and Predictions<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Fee_Structure_and_Waivers\"><\/span>Fee Structure and Waivers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>BlackRock<\/strong> has indicated that it may waive the entire fee or a portion of it initially, planning to launch with a reduced fee similar to its iShares Bitcoin Trust. The spot Ether ETF will trade at a 0.12% fee for the first 12 months or until it reaches $2.5 billion in net assets, whichever comes first.<\/p>\n<p>Other issuers have also proposed their fees and waiver periods:<\/p>\n<ul>\n<li><strong>Franklin Templeton<\/strong>: 0.19% fee, the lowest among competitors.<\/li>\n<li><strong>Bitwise Ethereum ETF<\/strong>: 0.20% fee.<\/li>\n<li><strong>VanEck Ethereum ETF<\/strong>: 0.20% fee.<\/li>\n<li><strong>21Shares Core Ethereum ETF<\/strong>: 0.21% fee.<\/li>\n<li><strong>Fidelity and Invesco Galaxy<\/strong>: Both at 0.25%, matching BlackRock\u2019s rate.<\/li>\n<\/ul>\n<p>Several issuers plan to waive fees initially:<\/p>\n<ul>\n<li><strong>VanEck<\/strong>: Waives fees for the first 12 months or until $1.5 billion in net assets.<\/li>\n<li><strong>Bitwise<\/strong>: Waives fees for the first six months or until $0.5 billion in net assets.<\/li>\n<li><strong>Franklin Templeton<\/strong>: Fee waived until January 31, 2025, or until $10 billion in net assets.<\/li>\n<li><strong>Fidelity<\/strong>: Waives fees until January 1, 2025, with an increase to 0.25% thereafter.<\/li>\n<\/ul>\n<p><strong>Grayscale<\/strong> stands out with its spot Ether ETF fee at 2.5%, but its newly approved Grayscale Ethereum Mini Trust will offer a more competitive fee of 0.25%. Grayscale plans to seed the Mini Trust with $1 billion.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Regulatory_Approvals_and_Launch_Expectations\"><\/span>Regulatory Approvals and Launch Expectations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Reports indicate that BlackRock, Franklin Templeton, and VanEck have received &#8220;preliminary approval&#8221; from the United States Securities and Exchange Commission (SEC). Bloomberg ETF analyst Eric Balchunas predicts that the SEC will sign off on the S-1 filings next Monday after trading hours, enabling the spot Ether ETFs to begin trading on Tuesday, July 23.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Impact_and_Predictions\"><\/span>Market Impact and Predictions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitwise\u2019s Chief Investment Officer Matt Hougan anticipates that the spot Ether ETFs could attract up to $15 billion in inflows within the first 18 months of trading, paralleling the success of the spot Bitcoin ETFs launched six months ago. If approved, these ETFs will be listed on the Nasdaq, New York Stock Exchange, and the Chicago Board Options Exchange.<\/p>\n<p><i><span style=\"font-weight: 400\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <\/span><\/i><a href=\"https:\/\/t.me\/coinengineernews\"><i><span style=\"font-weight: 400\">Telegram, <\/span><\/i><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\"><i><span style=\"font-weight: 400\">YouTube<\/span><\/i><\/a><i><span style=\"font-weight: 400\">, and <\/span><\/i><a href=\"https:\/\/twitter.com\/coinengineers\"><i><span style=\"font-weight: 400\">Twitter<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> channels for the latest <\/span><\/i><a href=\"https:\/\/coinengineer.net\/blog\/news\/\"><i><span style=\"font-weight: 400\">news<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asset management firm BlackRock has announced a 0.25% fee for its spot Ethereum exchange-traded fund (ETF) as it prepares for a potential launch next week. The details, filed in BlackRock\u2019s S-1 registration statement on July 17, outline that this fee will be accrued daily at an annualized rate and payable every three months in US<\/p>\n","protected":false},"author":6,"featured_media":25320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1,2],"tags":[535,1000,7455,1096],"class_list":["post-25319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","category-news","tag-blackrock","tag-ethereum-etf","tag-ethereum-etf-fee","tag-grayscale"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fee Race in Spot Ethereum ETFs: BlackRock and Competitors&#039; Plans - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/fee-race-in-spot-ethereum-etfs-blackrock-and-competitors-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fee Race in Spot Ethereum ETFs: BlackRock and Competitors&#039; Plans - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Asset management firm BlackRock has announced a 0.25% fee for its spot Ethereum exchange-traded fund (ETF) as it prepares for a potential launch next week. 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