Fun

21Shares Ether ETF to waive fees for up to 6 months

News Feed - 2024-07-18 03:07:24

Alex O’Donnell5 hours ago21Shares Ether ETF to waive fees for up to 6 months21Shares joins other Ethereum exchange-traded fund issuers that are slashing fees to woo investors.522 Total views7 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksAsset manager 21Shares set management fees for its 21Shares Core Ethereum ETF (CETH) at 0.21% and tipped plans to waive those fees entirely for up to six months after listing, or until the fund onboards at least $500 million, according to an amended S-1 filed with United States regulators on July 17. 


Competition is heating up among the issuers of spot Ether (ETH) ETFs now that US regulators have reportedly begun giving them tentative approval to begin listing as soon as July 23. A total of eight prospective issuers are vying to list spot ETH ETFs next week.


Related:SEC has given ‘preliminary approval’ to at least 3 ETH ETF issuers: Report


21Shares joins a growing list of issuers that are slashing fees to woo investors during the spot ETH funds’ crucial first months of launch. In a July 8 filing, VanEck revealed plans to waive the VanEck Ethereum ETF’s 0.20% management fee for up to one year after listing, or until the fund onboards at least $1.5 billion in assets under management (AUM).


Filings from other ETH ETF sponsors — including Franklin Templeton and BlackRock— also allude to the possibility of temporary discounts.


The emerging fee war is a repeat of what happened with Bitcoin (BTC) ETFs, which were listed earlier this year. Around half of the nearly dozen BTC ETFs on the market slashed management fees or temporarily waived them entirely in a bid to draw investor fund flows away from rivals.


Analysts say the ETH ETFs could attract up to $10 billion in inflows in the months after launch and send Ether prices soaring to all-time highs by the end of the year.Institutional investor allocation to ETH. Source: Bybit


The expected approval of ETH ETFs is feeding mounting speculation that additional types of crypto ETFs may soon follow. On Jan. 8, the Chicago Board Options Exchange (CBOE) filed applications to list VanEck and 21Shares’ proposed spot Solana ETFs on its exchange platform. US regulators are expected to make a final decision on those funds around March 2025.


Magazine:Coinbase will not mention ‘crypto’ in five years: Avichal Garg, X Hall of Flame# Cryptocurrencies# Business# Government# Ethereum# Investments# SEC# Bitcoin Regulation# Adoption# United States# Ethereum ETF# Bitcoin ETF# ETFAdd reaction

News Feed

Cointext CTO Reveals a New Protocol That Aims to Bolster a Censorship-Resistant Economy for Bitcoin Cash
Cointext CTO Reveals a New Protocol That Aims to Bolster a Censorship-Resistant Economy for Bitcoin CashOn May 7, the Cointext CTO and cofounder of Countermarkets, Vin Armani reveal
Reserve Bank of New Zealand Seeks Public Opinion on Central Bank Digital Currency
Reserve Bank of New Zealand Seeks Public Opinion on Central Bank Digital Currency The central bank of New Zealand has lined up among monetary authorities exploring the question of
Mad Money’s Jim Cramer: I Trust My Money More in Draftkings Than I Would Binance
Mad Money"s Jim Cramer: I Trust My Money More in Draftkings Than I Would Binance The host of Mad Money, Jim Cramer, has cast doubt on the trustworthiness of crypto exchange Binance
CBDC Could Increase Nigeria’s GDP by $29 Billion in 10 Years: President Buhari
CBDC Could Increase Nigeria’s GDP by $29 Billion in 10 Years: President Buhari The Nigerian president, Muhammadu Buhari, suggested in a recent speech that the new e-naira central
William Suberg9 hours agoBTC price knocks on $28.5K as trader says Bitcoin ‘reeks of disbelief’Bitcoin preserves its snap October gains, but BTC price analysis reveals reasons for staying level-headed about the futur
Ethereum Whale Transactions Spike – High Volume Supports Surge To $3,200
Este artículo también está disponible en español. Ethereum has reached a new local high at $3,219, marking an impressive 35% surge since last Monday. This rapid rise has
BlackRock sets spot Ether ETF fee at 0.25% amid rush of S-1 filings
Brayden Lindrea8 hours agoBlackRock sets spot Ether ETF fee at 0.25% amid rush of S-1 filingsBlackRock’s iShares Ethereum Trust will start at a 0.12% fee until 12 months passes or after it amasses $2.5 billion in net a
Only 3.5 Million Bitcoin Is Traded Worldwide; Majority of BTC Held Long-Term as Digital Gold, Says Chainalysis
Only 3.5 Million Bitcoin Is Traded Worldwide; Majority of BTC Held Long-Term as Digital Gold, Says ChainalysisOnly 3.5 million bitcoin or 19% of total circulating supply is actively
Been scammed? ‘Crypto crimestoppers’ claim to help get crypto back
Christopher Roark4 hours agoBeen scammed? ‘Crypto crimestoppers’ claim to help get crypto backPrivate investigation firm Lionsgate claims it can help recover stolen crypto when going straight to the police fails.422
Bitcoin Posts a 66-Day Consecutive Streak Above the $10K Price Range
Bitcoin Posts a 66-Day Consecutive Streak Above the $10K Price RangeThe Bitcoin network has achieved a few new milestones during the last week, as the price has remained above the $
Regina Sadykova10 hours agoCrypto VC: Token investing and the next bull run with Digital Wave FinanceCointelegraph sits down with Digital Wave Finance to talk about investment strategies and what could catalyze the next
SingularityNET to invest $53M in AI infrastructure, modular supercomputer
Ana Paula Pereira11 hours agoSingularityNET to invest $53M in AI infrastructure, modular supercomputerThe investment includes modular data centers and high-performance AI infrastructure for advancements in deep neural ne