Ethereum ETFs Launching on July 23
CBOE’s New Listings
Five new Ethereum ETFs will start trading on July 23, according to the The Chicago Board Options Exchange (CBOE) derivatives exchange. These ETFs include:
- Fidelity Ethereum Fund
- Franklin Ethereum ETF
- Invesco Galaxy Ethereum ETF
- VanEck Ethereum ETF
- 21Shares Core Ethereum ETF
The SEC is expected to give final approval for these Ethereum ETFs on July 22, with trading beginning the next day. This was reported earlier this week.
Fee Details
The companies have also disclosed their fee structures in revised filings this week:
- Fidelity: Fee of 0.25%, waived until the end of 2024.
- Franklin Templeton: Fee waived until January 31, 2025, for the first $10 billion in assets.
- VanEck: Fee waived for the first year for the initial $1.5 billion.
- 21Shares: Fee of 0.21%, waived for six months or the first $500 million, whichever comes first.
BlackRock’s iShares Ethereum Trust
BlackRock plans to list its iShares Ethereum Trust on the Nasdaq. The fees are:
- 0.12% for the first 12 months or $2.5 billion
- 0.25% thereafter
Eric Balchunas, a senior analyst at ETFs at Bloomberg, posted on X. Subsequently, sources at two ETF issuers confirmed that his post was correct, The Block reported.
Update: Nate's instincts were right, hearing SEC finally gotten back to issuers today, asking them to return FINAL S-1s on Wed (incl fees) and then request effectiveness on Monday after close for a TUESDAY 7/23 LAUNCH. This is provided no unforeseeable last min issues of course! https://t.co/D21FD9Qf94
— Eric Balchunas (@EricBalchunas) July 15, 2024