Franklin Templeton has filed an updated version of its Spot Ethereum ETF S-1 application, disclosing a 0.19% fee. This move signals the beginning of an Ethereum ETF fee war, with other companies like VanEck, Invesco, and Grayscale also amending their S-1 filings for Ethereum ETFs. Meanwhile, 21Shares is proceeding with its solo Ethereum ETF effort after dropping ARK Invest as a partner.
$ETH | @CathieDWood's @ARKInvest Drops Plans For Spot-Ether ETF, Says It Will Focus On Spot #BitcoinETF Instead⚠️ https://t.co/JQEHKUwT5E
THE WAR BREWING BETWEEN $ETH ETF ISSUERS - The latest filings for spot ether ETFs suggest an impending fee battle, with Franklin Templeton @FTI_US revealing a low fee of 0.19% for its fund. - @ArkInvest, known for its disruptive innovation focus, has decided not to pursue a… https://t.co/3fmntCgMwn
Ark Invest drops plans for a Spot Ethereum $ETH ETF https://t.co/VhpxiyA2gx
$ETH #Bitcoin | Cathie Wood's Ark Investment Drops Plans For Spot-Ether ETF, Says It Will Focus On Spot Bitcoin ETF Instead • Ark Investment abandons its Ether ETF project, shifting the focus towards other investment opportunities in Ethereum technology. • Earlier this year,… https://t.co/JgBoH0dy9l
Cathie Wood’s Ark Investment Management was removed from the spot Ether ETF application filed with 21Shares. What happened? The relationship between the two firms seemingly ends https://t.co/aia08pZyYm
Ark Invest opts out of spot Ethereum ETF https://t.co/6eXzIctIvE
21Shares is currently working on a spot Ethereum ETF on its own, and ARK has been removed from the file and name. ARK issued a statement about not conducting ETH spot business. ARK said it believes in the long-term value of Ethereum, but will not advance the Ethereum ETF at…
Cathie Wood’s Ark Investment just dropped out of the Wall Street race to launch an ETF that invests directly in Ether https://t.co/UdsRxz2Ky1
21Shares drops Ark from ETH ETF as remaining applicants meet SEC deadline https://t.co/6gdirvMjMB
[THE BLOCK] ARK Invest no longer a partner with 21 Shares for proposed spot #Ethereum fund
ARK Invest no longer a partner with 21 Shares for proposed spot Ethereum fund https://t.co/ZXsllEsACl
Franklin Templeton Reveals Ethereum ETF Fee ► https://t.co/qeOIWUWF1i https://t.co/qeOIWUWF1i
Amended S-1 filed: Bitwise Ethereum ETF - ETHW 🫡 https://t.co/Jkq4kX8xKk https://t.co/h5XYTUu5CK
21Shares is doing the Ethereum ETF solo now, ARK has been dropped from the document and name, but they still remain partners on the Bitcoin and futures' ETFs. Also no fees in any of the new S-1s. Fee war on hold for now. https://t.co/e7RHiuwITw
SEC has told spot Ethereum ETF issuers to get first round of draft S-1 forms in today, per the Block.
So far this afternoon @vaneck_us, @InvescoUS/@galaxyhq, and @FTI_DA have submitted S-1 amendments for their #Ethereum ETFs. @Grayscale submitted yesterday and @BlackRock submitted on Wednesday. Franklin coming in with 0.19% fee. Others haven't disclosed yet. https://t.co/AGEyXqYBSP
JUST IN: FRANKLIN TEMPLETON FILES AMENDED S-1 FOR SPOT $ETH ETF LISTS .19% FEE
Franklin Templeton files amended S-1 for spot Ethereum ETF, lists 0.19% fee https://t.co/VaeVJ81BdB
The opening shot in the Eth ETF fee war has been fired from Franklin. 19bps. 💥 https://t.co/n3yQsaMoYO
Look at that fee on Franklin spot eth ETF… 19bps! Here we go. https://t.co/1iQrpNwC2P
[FILING] Franklin Templeton Files Updated Spot #Ethereum ETF S-1 Application, Discloses 0.19% Fee $ETH
[PN] FRANKLIN FILED AN UPDATED VERSION OF ITS SPOT ETHEREUM ETF S-1 APPLICATION, DISCLOSES 0.19% FEE
SEC told spot Ethereum ETF issuers to get first round of draft S-1 forms in by Friday. https://t.co/QhwgTkwiKF https://t.co/kdHJNifQ29
🚨 The SEC has asked spot $ETH ETF issuers to submit S-1 filing drafts by Friday. https://t.co/lEcKQXls1j
The US SEC requires spot Ethereum ETF issuers to submit the first round of S-1 draft forms by Friday. BlackRock and VanEck have already submitted them. The SEC will provide the first round of comments and make further modifications. It is expected that at least two rounds of…
🚨 BREAKING 🚨 SEC HAS NOTIFIED ETH ETF ISSUERS TO SUBMIT FIRST DRAFT S-1 FORMS BY FRIDAY. THIS IS HUGE 🔥