The CBOE exchange announced that it has updated its platform to include some new listings scheduled to be implemented on July 23. These funds include Ethereum ETFs from major companies such as:
Fidelity, Invesco Galaxy, Franklin Templeton, VanEck, and 21Shares.
This listing is considered an important step for investors, as it enhances their confidence in the market.
On May 23, the US Securities and Exchange Commission (SEC) granted initial approval for Ethereum ETFs.
But applicants had to wait for final approval before trading could begin, which required filing S-1 filings, Form 8-A, as well as S-1 amendments. Most of these filings included the management fees specific to each ETF.
Franklin Templeton set its fees at 0.19%, Bitwise at 0.20%, while BlackRock's fees were 0.25%.
VanEck announced it will waive its fees until 2025 or until its assets reach $1.5 billion.
This fee waiver gives a competitive advantage in the market, as investors prefer lower-cost offers.
In contrast, Grayscale faces significant challenges with a 2.5% management fee.
