According to a last-minute development, Bitwise, one of the Ethereum Spot ETF applicant companies, updated its S-1 form and set a fee of 0.20%.
Just minutes earlier, the SEC had approved ProShares and Grayscale's Ethereum Spot ETFs. Thus, the number of ETFs approved by the SEC reached 10. However, these ETFs still need to be approved for trading by the SEC.
Bloomberg's expert ETF analysts reported that they heard about this latest approval on July 23.
There are still some companies, including BlackRock, that have not disclosed their compensation policy, and since the SEC wants to approve all companies at the same time, we can say that all approvals are approaching if these companies disclose their compensation policy.
Additionally, Grayscale and BlackRock also filed updated S-1 forms for their filings, with BlackRock announcing a 0.25% fee and Grayscale announcing a 2.5% fee.
Grayscale's fee was found to be too high by experts, and since this ETF was previously traded as a trust, it is predicted that there may be outflows from the Grayscale spot Ethereum ETF, similar to Bitcoin.
*This is not investment advice.
