{"id":31688,"date":"2024-05-31T21:08:57","date_gmt":"2024-05-31T21:08:57","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/franklin-templeton-proposes-a-0-19-fee-in-its-amended-spot-ethereum-etf-s-1\/"},"modified":"2024-05-31T21:08:57","modified_gmt":"2024-05-31T21:08:57","slug":"franklin-templeton-proposes-a-0-19-fee-in-its-amended-spot-ethereum-etf-s-1","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/franklin-templeton-proposes-a-0-19-fee-in-its-amended-spot-ethereum-etf-s-1\/","title":{"rendered":"Franklin Templeton proposes a 0.19% fee in its amended Spot Ethereum ETF S-1"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/Franklin-Templeton-tokenizes-fund-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/Franklin-Templeton-tokenizes-fund-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/Franklin-Templeton-tokenizes-fund-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/04\/Franklin-Templeton-tokenizes-fund-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Franklin Templeton files amended S-1 for spot Ethereum ETF with 0.19% fee.<\/li>\n<li>SEC requires all spot Ethereum ETF issuers to file amended S-1 forms by Friday.<\/li>\n<li>Franklin Templeton\u2019s spot Bitcoin ETF also charges a 0.19% fee and currently manages $350M in assets.<\/li>\n<\/ul>\n<p>Franklin Templeton has filed its <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2011535\/000113743924001040\/fets1a05312024.htm\">amended S-1 form<\/a> for spot Ethereum ETF following SEC\u2019s directive that all spot Ethereum ETF issuers should send in their amended S-1 forms by Friday.<\/p>\n<p>In the amended S-1, Franklin Templeton plans to charge a competitive 0.19% sponsor fee for the ETF, which is could be the lowest among its peers.<\/p>\n<h2>Franklin Templeton success with crypto ETFs<\/h2>\n<p>Franklin Templeton was among the eleven firms whose spot Bitcoin ETFs were approved by the SEC at the start of the year.<\/p>\n<p>The firm\u2019s foray into the Ethereum ETF space is buoyed by the success of its spot Bitcoin ETF, which currently manages approximately $350 million in assets. This strong performance of the Bitcoin ETF underscores the firm\u2019s capability in managing cryptocurrency investment products and sets a promising precedent for its upcoming Ethereum ETF.<\/p>\n<p>Its spot ether ETF application positions it among a growing number of financial institutions seeking to offer investors exposure to <a href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum<\/a>, the second-largest cryptocurrency by market capitalization, without the need to directly purchase the digital asset.<\/p>\n<h2>Franklin Templeton\u2019s aggressive crypto ETFs fee structure<\/h2>\n<p>Franklin Templeton\u2019s proposed 0.19% fee mirrors the fee structure of its spot Bitcoin ETF (EZBC), which is also set at 0.19%, making it the lowest among similar financial products currently available.<\/p>\n<p>Initially, Franklin Templeton did not charge any fee for investing in its spot Bitcoin ETF, a strategy likely designed to attract initial investors and build momentum.<\/p>\n<p>Eric Balchunas, Bloomberg\u2019s Senior ETF Analyst, commented on Franklin Templeton\u2019s aggressive fee structure in a <a href=\"https:\/\/x.com\/EricBalchunas\/status\/1796606348324634798\">post on X<\/a> saying, \u201cThe opening shot in the Eth ETF fee war has been fired from Franklin, 19bps.\u201d<\/p>\n<p>Balchunas\u2019 comment highlights the competitive nature of the burgeoning Ethereum ETF market, where cost efficiency is a critical factor for attracting investors.<\/p>\n<p>As firms rush against time to beat the Friday deadline, the stage is set for a new wave of Ethereum-based financial products to enter the market.<\/p>\n<p>Although it may take a few weeks for these filings to become effective, the expectations that the ETFs could begin trading in a month\u2019s time if not in a few weeks\u2019 time.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/franklin-templeton-proposes-a-0-19-fee-in-its-amended-spot-ethereum-etf-s-1\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Franklin Templeton files amended S-1 for spot Ethereum ETF with 0.19% fee. SEC requires all spot Ethereum ETF issuers to file amended S-1 forms by Friday. Franklin Templeton\u2019s spot Bitcoin ETF also charges a 0.19% fee and currently manages $350M in [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":31689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31688"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=31688"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/31689"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=31688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=31688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=31688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}