VanEck Proposes 0.20% Fee for Spot Ethereum ETF

VanEck Spot Ethereum ETF
VanEck has announced plans to impose a 0.20% fee on its proposed spot Ethereum exchange-traded fund (ETF), as disclosed in a filing with the U.S. Securities and Exchange Commission on Friday.

Last month, the SEC approved applications from Nasdaq, CBOE, and NYSE to list ETFs linked to the price of Ether. This decision potentially clears the path for these products to commence trading later this year.

Nine issuers, including VanEck, ARK Investments/21Shares, and BlackRock (NYSE: BLK), are seeking to launch ETFs tied to Ethereum, the second-largest cryptocurrency. This follows the SEC’s approval of Bitcoin ETFs in January, marking a significant milestone for the industry.

A spot Ethereum ETF enables investors to gain exposure to Ethereum’s price movements without the complexities and risks associated with owning Ethereum directly.

Also Read: Fidelity Reveals $4.7M Seed Investment for Spot Ether ETF

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