Franklin Templeton's Ethereum ETF Fee Wars Begin
CryptoNewsTerminal Staff31 May, 2024
Franklin Templeton's Ethereum ETF Fee Wars Begin
Franklin Templeton, a leading global investment management firm, has filed an amendment to their Ethereum spot ETF registration statement (S-1), disclosing a 0.19% fee. This move has sparked a lot of anticipation in the ETF industry, as it is seen as a sign that the competition for Ethereum ETFs is heating up. The filing with the SEC also includes updates to the fund's investment objective and strategy, as well as a discussion of the risks associated with investing in Ethereum. The fund will seek to track the performance of the MVIS® CryptoCompare Ethereum Spot Index (MVETHSP), which is designed to reflect the value of Ethereum (ETH) in U.S. dollars. Franklin Templeton's Ethereum ETF is one of several that are expected to launch in the coming months. With the 0.19% fee, Franklin Templeton's ETF will be one of the most competitive in terms of cost. This is likely to attract a lot of interest from investors who are looking for a low-cost way to add Ethereum to their portfolios.
