Ethereum

Franklin

Galaxy

Invesco and Galaxy Digital Asset Management have announced a 0.25% management fee for their upcoming Invesco Galaxy Ethereum ETF (QETH).&nbsp; 
This rate, revealed in a <a href="https://www.sec.gov/Archives/edgar/data/1995569/000119312524176440/d470525ds1a.htm" target="_blank" data-type="link" data-id="https://www.sec.gov/Archives/edgar/data/1995569/000119312524176440/d470525ds1a.htm" rel="noreferrer noopener nofollow">revised notice</a> to U.S. regulators on July 9, positions the ETF slightly higher than its direct competitors that are also preparing for the launch of spot Ether funds. 
Respectively, VanEck and Franklin Templeton have set their management fees for similar Ethereum ETFs at 0.20% and 0.19%. This strategic pricing is important given the competition among ETF sponsors as they anticipate the approval and listing of spot Ether ETFs in the US. 
In contrast to higher fees charged by existing Ethereum investment vehicles like Grayscale’s Ethereum Trust (ETHE) launched in 2017, the proposed fee for Invesco’s ETF is lower. 
New ETFs with reduced fees, such as QETH, are expected to broaden Ethereum’s market appeal and increase demand for the digital asset. 
Historically, competition in the ETF sector has prompted fee reductions across the board. Following the approval of Bitcoin ETFs, many issuers lowered fees to attract investments away from rivals 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/07/09/grayscale-sets-july-18-record-date-for-distribution-of-new-ethereum-mini-trust/" target="_blank" rel="noreferrer noopener">Grayscale to Distribute new ETH mini-trust Shares on July 18</a> 
</blockquote>

Invesco and Galaxy Lower Ether ETF Fees to 0.25% Amid Competitive Market

The Crypto Times

Alte articole publicate pe 10 iul. 2024

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