Grayscale’s 2.50% Fees For Ethereum ETFs Amid Competitive Fees and Waivers

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Grayscale leads the market with a 2.5% fee for its spot Ether ETF while also introducing a new Ethereum Mini Trust at a lower fee of 0.25%. This Mini Trust will hold 10% of the spot Ether ETF, providing $1 billion in seed capital. Other issuers offer competitive fees, with Franklin Templeton at 0.19%, Bitwise and VanEck at 0.20%, 21Shares at 0.21%, and Fidelity & Invesco Galaxy matching the Mini Trust at 0.25%. Additionally, many issuers provide fee waivers to attract investors: VanEck offers a 12-month waiver or until $1.5 billion in assets are reached, Bitwise offers a 6-month waiver or until $0.5 billion, Franklin’s waiver lasts until January 31, 2025, or $10 billion in assets, and Fidelity’s waiver lasts until January 1, 2025. If approved, these spot Ether ETFs could be listed on major exchanges like Nasdaq, NYSE, and CBOE. Matt Hougan, Bitwise’s CIO, predicts that spot Ether ETFs could see inflows of up to $15 billion within the first 18 months.