BlackRock submits revised filing to list ETH spot ETF with 0.25% fee

IconCryptoNewsTerminal Staff17 Jul, 2024

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BlackRock submits revised filing to list ETH spot ETF with 0.25% fee

BlackRock has filed an amended prospectus for its Ethereum spot ETF with a management fee of 0.25%, according to a tweet by TrimbornX. This is a decrease from the previous proposed fee of 0.40%. The ETF, which will be listed on Cboe BZX Exchange, will provide investors with exposure to the price of Ethereum without having to hold the underlying asset. The fund will be actively managed and will invest in Ethereum futures contracts. The launch of an Ethereum spot ETF from BlackRock is a significant development for the cryptocurrency industry. It will provide investors with a convenient and accessible way to gain exposure to Ethereum, and it could help to further legitimize the asset class.

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