Fidelity Updates Ethereum ETF Expense Ratio to 0.25%

IconCryptoNewsTerminal Staff17 Jul, 2024

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Fidelity Updates Ethereum ETF Expense Ratio to 0.25%

Fidelity Investments has filed an amendment to the registration statement for its Ethereum spot exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The amendment sets the expense ratio of the ETF at 0.25%. The expense ratio is a fee charged by the fund to cover its operating expenses. A lower expense ratio means that more of the fund's assets are available for investment, which can lead to higher returns for investors. The Fidelity Ethereum Spot ETF is expected to launch later this year. It will be the first physically backed Ethereum ETF to be approved by the SEC.

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