BlackRock and Franklin Templeton Make Progress with Ethereum ETFs

• BlackRock and Grayscale update filings for spot Ethereum ETFs, moving closer to launch.
• SEC approval sparks positive market sentiment, with potential ETF launch by end of June.
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Summary :

BlackRock has filed an amended S-1 form for its proposed spot Ethereum exchange-traded fund (ETF), showing progress towards the launch of an ETH-based ETF. Bloomberg analysts believe this is a positive sign and that other applicants will likely follow suit. If the SEC provides fine-tune comments promptly, spot Ethereum ETFs could potentially debut by the end of June or around July 4. BlackRock's proposed fund will trade under the ticker symbol ETHA and will not allocate any of its Ethereum towards staking. Meanwhile, Franklin Templeton has revealed that its proposed spot Ethereum ETF will charge customers a management fee of only 0.19% per year, significantly lower than its competitors. The fund has also promised to waive all sponsor fees on its first $10 billion for the first six months after launch. The SEC has asked issuers to submit draft S-1 filings, and once approved, the ETFs are expected to go live on national securities exchanges within weeks.

Sources :

- Decrypt
- CoinTelegraph
- Coindesk
- TheBlock
- Decrypt
- CoinTelegraph
- TheBlock
- TheBlock
- TheBlock
- CoinTelegraph
- Decrypt
- Blockworks