Leading cryptocurrency asset manager Grayscale has introduced a very low fee of just 15 basis points for its mini Ethereum ETF.

This means that Grayscale will now have the lowest-cost ETF.  For comparison, BlackRock's iShares Ethereum Trust will have a fee of 25 basis points.  

Related
Mon, 07/15/2024 - 19:56Ethereum ETF Launch Date Announced by Top Analyst
Alex Dovbnya
HOT Stories XRP and SHIB Just Surpassed Bitcoin in Key Metric in South KoreaXRP Loses 7%, Here's How Ethereum (ETH) Going to Move Now, Toncoin (TON) Loses Crucial Support at $7SHIB Top Dev Issues Crucial Warning to Shiba Inu ArmyMichael Saylor Issues Powerful Bitcoin Message in German, What Was Said?

The asset manager's mini ETF was greenlit by the U.S. Securities and Exchange Commission earlier this month. The fund is expected to go live alongside competing products later this month. 

As reported by U.Today, spot Ethereum ETFs will likely be launched on July 23 after months of anticipation. 

"Grayscale wised up" 

"This is what I was expecting yesterday. Grayscale wised up," finance lawyer Scott Johnsson said in response to Grayscle's move. 

Some analysts believe that it will now take a leadership position in the Ethereum ETF race. 

Related
Tue, 07/16/2024 - 09:37Legendary Trader Peter Brandt Issues Extra-Bullish Ethereum Price Outlook
Gamza Khanzadaev

"No reason not to capitalize on that by taking a leadership position in how they approach competition in the spot crypto ETF category, " Nate Geraci, president at the ETF Store, said in a social media post. 

It is worth noting that Grayscale's Ethereum ETF has a 2.5% fee. Apollo CEO Julian Fahrer recently predicted that it would be "reasonable" to expect significant outflows due to such high fees. 

The massive outflows recorded by Grayscale's GBTC ended up being a major bearish headwind for Bitcoin.  

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。