Share this article
BTC
$94,274.02
-
0.51%ETH
$1,796.72
-
0.19%USDT
$1.0003
+
0.00%XRP
$2.2597
-
1.79%BNB
$599.94
-
0.88%SOL
$146.88
-
0.68%USDC
$0.9999
+
0.00%DOGE
$0.1749
-
1.94%ADA
$0.6960
-
0.89%TRX
$0.2441
-
1.53%SUI
$3.5233
-
0.50%LINK
$14.64
-
2.15%AVAX
$21.57
-
1.13%XLM
$0.2790
-
1.47%LEO
$8.9783
-
0.09%TON
$3.1880
-
2.52%SHIB
$0.0₄1343
-
1.82%HBAR
$0.1865
-
2.44%BCH
$365.71
+
3.48%LTC
$85.42
-
0.16%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Ether ETF Fee Race Begins as Invesco Reveals 0.25% Charge, Slightly Higher Than VanEck
Asset manager VanEck previously disclosed that it would charge a 0.20% management fee for its fund.
Asset managers Invesco and Galaxy will charge investors a 0.25% management fee on its proposed spot ether ETH$1,799.00 exchange-traded fund (ETF) if and when it is rolled out.
This is just slightly higher than VanEck’s 0.20%, which was disclosed last month.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
With eight issuers looking to launch an ether ETF at the same time, fees will play a critical role in differentiating a product from the others and appealing to investors. Grayscale’s higher-than-normal 1.5% fee on its bitcoin BTC$94,363.42 trust caused it, among other reasons, to bleed billions of dollars while others saw mostly inflows.
Management fees are used by issuers to pay for the maintenance of a fund, such as for marketing costs, salaries and custodial services.
Most issuers for the spot bitcoin ETFs picked a fee between 0.19% and 0.30% which will likely be the case for their ether counterparts.
Read more: What ETF Approval Could Mean for Ethereum
Helene Braun
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
