Ethereum

Franklin

Bitcoin ETF

<div class="coinjournal">
 <ul>
  <li>Franklin Templeton files amended S-1 for spot Ethereum ETF with 0.19% fee.</li>
  <li>SEC requires all spot Ethereum ETF issuers to file amended S-1 forms by Friday.</li>
  <li>Franklin Templeton’s spot Bitcoin ETF also charges a 0.19% fee and currently manages $350M in assets.</li>
 </ul>
 <p>Franklin Templeton has filed its <a rel="noopener noreferrer nofollow" title="amended" href="https://thebittimes.com/tag/amended.html">amended</a> S-1 form for spot Ethereum ETF following SEC’s directive that all spot Ethereum ETF issuers should send in their <a rel="noopener noreferrer nofollow" title="amended" href="https://thebittimes.com/tag/amended.html">amended</a> S-1 forms by Friday.</p>
 <p>In the <a rel="noopener noreferrer nofollow" title="amended" href="https://thebittimes.com/tag/amended.html">amended</a> S-1, Franklin Templeton plans to charge a competitive 0.19% sponsor fee for the ETF, which is could be the lowest among its peers.</p>
 <h2 id="franklin-templeton-success-with-crypto-etfs">Franklin Templeton success with crypto ETFs</h2>
 <p>Franklin Templeton was among the eleven firms whose spot Bitcoin ETFs were approved by the SEC at the start of the year.</p>
 <p>The firm’s foray into the Ethereum ETF space is buoyed by the success of its spot Bitcoin ETF, which currently manages approximately $350 million in assets. This strong performance of the Bitcoin ETF underscores the firm’s capability in managing cryptocurrency investment products and sets a promising precedent for its upcoming Ethereum ETF.</p>
 <p>Its spot ether ETF application positions it among a growing number of financial institutions seeking to offer investors exposure to Ethereum, the second-largest cryptocurrency by market capitalization, without the need to directly purchase the digital asset.</p>
 <h2 id="franklin-templeton-s-aggressive-crypto-etfs-fee-structure">Franklin Templeton’s aggressive crypto ETFs fee structure</h2>
 <p>Franklin Templeton’s proposed 0.19% fee mirrors the fee structure of its spot Bitcoin ETF (EZBC), which is also set at 0.19%, making it the lowest among similar financial products currently available.</p>
 <p>Initially, Franklin Templeton did not charge any fee for investing in its spot Bitcoin ETF, a strategy likely designed to attract initial investors and build momentum.</p>
 <p>Eric Balchunas, Bloomberg’s Senior ETF Analyst, commented on Franklin Templeton’s aggressive fee structure in a post on X saying, “The opening shot in the Eth ETF fee war has been fired from Franklin, 19bps.”</p>
 <p>Balchunas’ comment highlights the competitive nature of the burgeoning Ethereum ETF market, where cost efficiency is a critical factor for attracting investors.</p>
 <p>As firms rush against time to beat the Friday deadline, the stage is set for a new wave of Ethereum-based financial products to enter the market.</p>
 <p>Although it may take a few weeks for these filings to become effective, the expectations that the ETFs could begin trading in a month’s time if not in a few weeks’ time.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/franklin-templeton-proposes-a-0-19-fee-in-its-amended-spot-ethereum-etf-s-1-tbt90787.html">https://thebittimes.com/franklin-templeton-proposes-a-0-19-fee-in-its-amended-spot-ethereum-etf-s-1-tbt90787.html</a></p>

Franklin Templeton proposes a 0.19% fee in its amended Spot Ethereum ETF S-1

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Další články publikované 31. 5. 2024

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