Investment management firm VanEck intends to charge a fee of 0.20% on its proposed spot Ethereum exchange-traded fund (ETF), as per a U.S. Securities and Exchange Commission (SEC) filing. The SEC recently approved applications from Nasdaq, CBOE, and NYSE to list ETFs tied to the price of Ether, the cryptocurrency underlying the Ethereum network, potentially allowing these products to begin trading later this year. Nine issuers, including VanEck, ARK Investments/21Shares, and BlackRock, are seeking to launch ETFs tied to Ethereum, following the SEC’s approval of bitcoin ETFs earlier this year. A spot Ethereum ETF would enable investors to gain exposure to Ethereum’s price without directly owning the cryptocurrency, offering a potentially simpler and less risky investment option.
VanEck Plans to Charge 0.20% Fee for Proposed Spot Ethereum ETF
