Cboe Global Markets has officially listed spot Ethereum Exchange-Traded Funds (ETFs) for trading beginning July 23. This confirms the previous forecast by Bloomberg ETF Analyst James Seyffart regarding the U.S. Securities and Exchange Commission’s (SEC) approval date
ETF Store President Nate Geraci had earlier emphasized the importance of this listing, noting that spot Ethereum ETFs from major firms such as Fidelity Investments, Franklin Templeton, Invesco, 21Shares, and VanEck will soon be available.
This launch follows extensive preparations by asset management firms to meet SEC requirements. Recent updates to S-1 forms by BlackRock, Franklin, Bitwise, Invesco, Grayscale, and Fidelity suggest that they are finalizing their trading preparations.
Moreover, management fees have become a major point of comparison among these ETF providers. Most have set fees between 0.19% and 0.25%, with some offering initial discounts or waivers. BlackRock has set its Ethereum ETF sponsor fee at 0.25%, while Franklin Templeton set a 0.19% fee. Bitwise announced a 0.20% fee with a discount for the first six months on the first $500 million in assets,
VanEck plans to waive fees until 2025 or until assets hit $1.5 billion, while Grayscale surprised everyone by setting a 2.5% fee, which is ten times higher than others.
Also Read: Ethereum ETFs Slash Fees as Competition Heats Up Before Listings
