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<ul>
 <li>Top financial giants like BlackRock, Invesco, VanEck, and Franklin Templeton await SEC approval for their Spot Ethereum ETFs.</li>
 <li>VanEck and Franklin Templeton’s low fees of 0.20% and 0.19%, respectively pressure others like BlackRock to offer competitive rates.</li>
 <li>21Shares contributed $340,000, while BlackRock invested $100,000 each in ETFs from Franklin Templeton and Invesco.</li>
</ul>
<p>Eight firms, including BlackRock and Fidelity, have filed updated S-1 forms for their <a href="https://cryptonewsland.com/spot-ethereum-etfs-likely-to-launch-by-july-2-analyst/" target="_blank" rel="noopener noreferrer nofollow">Spot Ethereum ETFs</a>, adding details that include fees and seed investments; now, the nod from the SEC is awaited, and the market has high anticipation for when trading will commence.</p>
<h3 class="wp-block-heading" id="h-amendments-and-fees-of-spot-ethereum-etf-s1"><strong>Amendments and Fees of Spot Ethereum ETF S1</strong></h3>
<p>BlackRock, Invesco Galaxy, VanEck, Franklin Templeton, Grayscale Investments, and 21Shares have submitted updated S-1 filings to the SEC. Bitwise and Fidelity have done so already. The exciting thing in this case is that the fees disclosed by VanEck and Franklin Templeton are 0.20% and 0.19%, sequentially. To this, Eric Balchunas, the senior ETF Bloomberg analyst, responded that this charge of 0.20%, which VanEck is about to charge, will force pressure on BlackRock to remain well below 30bps—last month, the SEC approved the 19b-4 forms of these ETFs. The trading can start only after the declaration in the registration statement comes into effect.</p>
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   <p lang="en" dir="ltr">All spot eth ETF S-1 amendments are now IN…<br><br>Bitwise, Fidelity, 21Shares, Grayscale, Franklin, VanEck, iShares, &amp; Invesco.<br><br>Known fees so far are Franklin (0.19%) &amp; VanEck (0.20%).<br><br>Now we wait for SEC. <a href="https://t.co/7Uo4kIOQg8" rel="noopener noreferrer nofollow">https://t.co/7Uo4kIOQg8</a></p>— Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1804264951315403233?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 21, 2024</a>
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<h3 class="wp-block-heading" id="strong-seed-investments-disclosed-strong"><strong>Seed Investments Disclosed</strong></h3>
<p>Some firms revealed their seed <a href="https://cryptonewsland.com/what-does-pantera-capitals-monumental-investment-in-ton-mean-everything-you-need-to-know/" target="_blank" rel="noopener noreferrer nofollow">capital investments</a>. 21Shares US LLC, sponsor for the 21Shares Core Ethereum ETF, acquired 20,000 shares, making a seed investment of $340,739. Additionally, Franklin Templeton disclosed a $100,000 initial capital for its Ethereum ETF. Invesco Ltd. also put in $100,000 for the <a href="https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Advisor&amp;productId=ETF-SATO" target="_blank" rel="noopener noreferrer nofollow">Invesco Galaxy Ethereum ETF</a>. BlackRock disclosed a seed investment of $10 million. These investments signify the issuers’ commitment to their funds, offering the initial capital necessary for the ETFs to trade.</p>
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   <p lang="en" dir="ltr">BlackRock is in.. no fee posted but they did report seeding with $10m (altho I think that may have been known already in prev filing). Anyway that's basically a wrap. Ball in SEC's court now. <a href="https://t.co/nbYoJo8Xj4" rel="noopener noreferrer nofollow">pic.twitter.com/nbYoJo8Xj4</a></p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1804255060546760761?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 21, 2024</a>
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<h3 class="wp-block-heading" id="strong-anticipation-for-sec-approval-strong"><strong>Anticipation for SEC Approval</strong></h3>
<p>As the market awaits the SEC’s ultimate ruling, the filings have been updated. To guarantee that all disclosures and regulatory processes are finished before ETFs start trading, the SEC maintains a strict review process. With July 2 as the rumoured launch date, investors are anticipating the SEC’s decision. A number of Spot Bitcoin ETFs with fees ranging from 0.21% to 0.39% were approved by the SEC earlier this year. Ethereum ETFs are the result of this action. The competitive rates put forth by VanEck and Franklin Templeton point to a continuous pricing battle aimed at providing investors with more affordable investing options.</p>
<p>Outside of the US, there is excitement in Ethereum ETFs. Standard Chartered announced the opening of a Spot Ethereum and Bitcoin trading desk in Europe. This suggests that interest in <a href="https://www.forbes.com/advisor/investing/cryptocurrency/what-is-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin investment</a> products is rising on a global scale. Because of this, the market’s excitement for Ethereum ETFs is understandable as it gets ready for a possible SEC approval. As a result, businesses and investors are preparing for a big milestone in the cryptocurrency 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-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></li>
 <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/ark-invest-and-21shares-part-way-on-the-ethereum-etf-project/" rel="noopener noreferrer nofollow">ARK Invest and 21Shares Part Way on the Ethereum ETF Project</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>
</ul>
<p>The post <a href="https://cryptonewsland.com/ethereum-etfs-edge-closer-to-sec-approval-with-s-1-amendments/" rel="noopener noreferrer nofollow">Ethereum ETFs Edge Closer to SEC Approval with S-1 Amendments</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Ethereum ETFs Edge Closer to SEC Approval with S-1 Amendments

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Crypto News Land

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