On June 21, major asset management firms, including BlackRock, VanEck, Franklin Templeton, Grayscale Investments, Invesco Galaxy, 21Shares, and Fidelity, submitted updated filings to the SEC for spot Ethereum (CRYPTO:ETH) ETFs.
These filings disclosed seed investments ranging from $100,000 to $10 million and set competitive fee structures, with Franklin Templeton and VanEck offering fees as low as 0.19% and 0.20%, respectively.
The updates boost confidence that these ETFs will begin trading by early July, with predictions focusing on July 2.
Analyst Eric Balchunas noted the low fees could pressure BlackRock to maintain competitive pricing.
Despite previous scepticism, the introduction of these ETFs is expected to significantly impact Ethereum's market rating.