Ethereum

Franklin

Bitcoin ETF

<ul>
 <li>Franklin Templeton leads the way with a 0.19% annual charge for its Ethereum ETF, inciting a pricing competition.</li>
 <li>Disclosure of ETF sponsorship fees by Franklin Templeton initiates a fierce battle for competitive pricing among market players.</li>
 <li>Franklin Templeton’s fee revelation spurs a race among investment firms to attract investors with low-cost products.</li>
</ul>
<p><a href="https://cryptonewsland.com/franklin-templeton-introduces-ethereum-etf-on-dtcc/" rel="noopener noreferrer nofollow">Franklin Templeton</a>, an American multinational investment firm, has just announced fee details for its proposed spot Ether exchange-traded fund (ETF) product. This made them the first application to reveal costs to investors, igniting a fee war among competing Ethereum ETFs.</p>
<p>Franklin Templeton recorded an upgraded S-1 record with the United States Securities and Exchange Commission (SEC) on May 31, 2024.&nbsp; The recording said that this ETF’s yearly sponsorship took a toll is 0.19% of its net asset value.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The opening shot in the Eth ETF fee war has been fired from Franklin. 19bps. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/n3yQsaMoYO" rel="noopener noreferrer nofollow">https://t.co/n3yQsaMoYO</a></p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1796606348324634798?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 31, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Bloomberg ETF analyst Eric Balchunas commented in an X post that this was “the opening shot in the ETH ETF fee war” launched by Franklin. These sponsorship fees are to compensate the fund manager for administrative costs and are a competitive aspect of ETF products because investors typically choose those with the lowest fees. While VanEck, Invesco, and Galaxy also filed updated S-1 applications the same day, none of them disclosed sponsorship fees.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">So far this afternoon <a href="https://twitter.com/vaneck_us?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@vaneck_us</a>, <a href="https://twitter.com/InvescoUS?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@InvescoUS</a>/<a href="https://twitter.com/galaxyhq?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@galaxyhq</a>, and <a href="https://twitter.com/FTI_DA?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@FTI_DA</a> have submitted S-1 amendments for their <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ethereum</a> ETFs. <a href="https://twitter.com/Grayscale?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Grayscale</a> submitted yesterday and <a href="https://twitter.com/BlackRock?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@BlackRock</a> submitted on Wednesday. <br><br>Franklin coming in with 0.19% fee. Others haven't disclosed yet. <a href="https://t.co/AGEyXqYBSP" rel="noopener noreferrer nofollow">pic.twitter.com/AGEyXqYBSP</a></p>— James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1796636148426551428?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 31, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The S-1 document is a registration statement that companies must record with the SEC, containing detailed point-by-point data about the company and the securities they are expected to offer or issue. According to Balchunas, there are no fees for other new S-1s. The cost war is on hold for now.</p>
<p>Before the spot <a href="https://cryptonewsland.com/blackrocks-spot-bitcoin-etf-surpasses-gbtc-in-holdings/" rel="noopener noreferrer nofollow">Bitcoin ETF </a>launched in January, Balchunas called the constant amendments to S-1 filings for fee adjustments a fee war. Some publishers are even waiving fees completely to be more competitive.</p>
<p>Bitwise, for example, is waiving all fees on their spot Bitcoin ETF for the first six months of trading and the first $1 billion in assets. Several other issuers, including Grayscale Investments and BlackRock, also filed amendments in late May.</p>
<p>Balchunas commented at the time that this was a good sign and there would likely be another round to flesh out the SEC comments. However, he said that launching a spot Ethereum ETF in late June was a real possibility.</p>
<p>Franklin Templeton has taken a big step by disclosing their fees, sparking intense competition in the Ethereum ETF market. The move marks the beginning of what may be a highly competitive period for investment firms looking to attract investors by offering products at the lowest costs.</p>
<p>With this low fee announcement, Franklin Templeton has sparked a fee war among other Ethereum ETFs, which will likely benefit investors by offering a more affordable investment option. This also marks a significant step forward in efforts to bring more crypto investment products to the broader market.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/franklin-templeton-introduces-ethereum-etf-on-dtcc/" rel="noopener noreferrer nofollow">Franklin Templeton Introduces Ethereum ETF on DTCC</a></li>
 <li><a href="https://cryptonewsland.com/solana-towards-the-third-position-of-the-largest-crypto-supported-by-meme-coin-and-dex/" rel="noopener noreferrer nofollow">Solana: Towards the Third Position of the Largest Crypto, Supported by Meme Coin and DEX</a></li>
 <li><a href="https://cryptonewsland.com/ethereum-etf-fee-war-begins-as-franklin-templeton-sets-0-19/" rel="noopener noreferrer nofollow">Ethereum ETF Fee War Begins as Franklin Templeton Sets 0.19%</a></li>
 <li><a href="https://cryptonewsland.com/solana-gains-institutional-backing-thanks-to-cofounders-vision/" rel="noopener noreferrer nofollow">Solana Gains Institutional Backing Thanks to Co-Founder’s Vision</a></li>
 <li><a href="https://cryptonewsland.com/blackrock-prepares-for-ether-etf-launch-with-updated-s-1-filing/" rel="noopener noreferrer nofollow">BlackRock Prepares for Ether ETF Launch with Updated S-1 Filing</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/franklin-templetons-game-changing-move-unveiling-low-cost-ethereum-etf-sparks-industry-fee-war/" rel="noopener noreferrer nofollow">Franklin Templeton’s Game-Changing Move: Unveiling Low-Cost Ethereum ETF Sparks Industry Fee War</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Franklin Templeton’s Game-Changing Move: Unveiling Low-Cost Ethereum ETF Sparks Industry Fee War

Crypto News Land

Other articles published on Jun 2, 2024

Toncoin’s Whale Warpath, Notcoin’s Leadership Knockout, Can MoonBag Crypto Conquer the Crypto Col...

Trump Accepts Bitcoin Lightning Network Payments for Donations

Bitcoin and Ether ETF Markets Projected to Reach $450B: Bernstein Report

Bitcoin (BTC) and Ethereum (ETH) Face Challenges, While Furrever Token (FURR) Shines with a 25% P...

FLOKONG Is That Meme Coin Everyone Loves Gaining Big Momentum

Oklahoma Senate Passes Major Crypto Tax Exemption Bill

Join our free newsletter for daily crypto updates!