Ethereum
VanEck sets 0.20% fee for proposed Ethereum spot ETF By Reuters
(Reuters) – Investment management firm VanEck plans to charge a 0.20% fee on its proposed Ethereum spot exchange-traded fund, according to a filing by the U.S. Securities and Exchange Commission on Friday.
The SEC last month approved applications from Nasdaq, CBOE and NYSE to list ETFs linked to the price of ether, potentially paving the way for trading of these products later this year.
Nine issuers, including VanEck, ARK Investments/21Shares and BlackRock (NYSE:), hope to launch ETFs tied to the second-largest cryptocurrency after the SEC approved Bitcoin ETFs in January, a watershed moment for the industry.
A spot Ethereum ETF allows investors to gain exposure to the price of Ethereum without the complications and risks of owning Ethereum directly.