ethereum

Asset Managers Submit Revised Proposals for Ethereum ETFs to SEC

The Big Whale

— 1 min read
  • Asset managers submit revised proposals for Ethereum ETFs to SEC, including VanEck, BlackRock, Grayscale, and Invesco Galaxy Digital.
  • VanEck's Ethereum fund reveals a 0.20% management fee, putting pressure on competitors like BlackRock.
  • Fidelity files new S-1 form with SEC for an Ethereum ETF, aiming for a July launch.
  • Firms disclose seed investments and fees for Ethereum ETFs, with 3iQ seeking to launch a Solana product.
  • SEC closes investigation into Ethereum 2.0 at Consensys, raising questions about ether's security status.


Summary :


Several asset managers, including VanEck, BlackRock, Grayscale, and Invesco Galaxy Digital, have submitted revised proposals for an Ethereum exchange-traded fund (ETF) to the United States Securities and Exchange Commission (SEC). VanEck's filing revealed a management fee of 0.20% for its Ethereum fund, similar to competitors such as Franklin Templeton. BlackRock has not yet disclosed its management fee. The SEC approved rule changes in May that allowed major asset managers to list and trade eight spot Ether ETFs. The funds are expected to launch in the first week of July. Additionally, Fidelity has updated its application for a spot Ether ETF, disclosing a $4.7 million seed investment. The SEC's decision to close its investigation into Ethereum 2.0 raises questions about whether ether is considered a security or a commodity. Consensys, the company behind MetaMask, has updated its privacy policy to improve user consent, transparency, and control of personal data. Tokenization adoption is expected to happen in waves, with assets such as mutual funds, bonds, and loans leading the way, according to a report by McKinsey & Company. Fidelity has also disclosed a seed investment of $4.7 million in its spot Ethereum ETF. The SEC's decision to close its investigation into Ethereum 2.0 does not necessarily mean that ether is not considered a security, but it does suggest that the SEC is not likely to pursue cases involving ether sales. The

Sources :

- CoinTelegraph
- TheBlock
- Bankless
- CoinTelegraph
- Coindesk



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