In a filing with the U.S. Securities and Exchange Commission on Friday, investment management firm VanEck disclosed that its proposed spot Ethereum exchange-traded fund will have a fee of 0.20%.
The proposed spot Ethereum exchange-traded fund by investment management company VanEck will levy a fee of 0.20%, the company announced in a filing with the U.S. Securities and Exchange Commission on Friday. Applications to list ETFs linked to the price of ether were accepted by the SEC last month from the CBOE, NYSE, and Nasdaq; this could lead to the products’ introduction to trading later in the year.
Nine issuers, including VanEck, ARK Investments/21Shares, and BlackRock (BLK.N), have opened a new tab with the intention of launching exchange-traded funds (ETFs) linked to the second-largest cryptocurrency following the SEC’s historic approval of bitcoin ETFs in January. Investors can get exposure to the price of ethereum without the hassles and hazards of direct ethereum ownership by purchasing a spot Ethereum ETF.
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