21Shares Files S-1 Amendment for ETH Spot ETF With 0.21% Management Fee

21Shares Files S-1 Amendment for ETH Spot ETF With 0.21% Management Fee

21Shares has filed an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for its Ethereum (ETH) spot exchange-traded fund (ETF). The expense ratio for the 21Shares ETH Spot ETF is listed as 0.21%. An S-1 is a registration statement that must be filed with the SEC before a company can issue new securities. The S-1 contains information about the company, its business, and the securities being offered. The filing of an S-1 amendment is a common step in the process of launching an ETF. The amendment allows the company to make changes to the original S-1 filing. In this case, 21Shares has likely made changes to the expense ratio of the ETF. The expense ratio is an important consideration for investors because it represents the annual cost of investing in the ETF. A lower expense ratio means that more of your investment will go towards the underlying asset and less will go towards fees. The 0.21% expense ratio for the 21Shares ETH Spot ETF is competitive with other ETH spot ETFs. For example, the ProShares Bitcoin Strategy ETF (BITO) has an expense ratio of 0.95%. The launch of the 21Shares ETH Spot ETF is expected to increase competition in the market for ETH ETFs. This could lead to lower fees and better products for investors.