Franklin Templeton begins spot Ethereum ETF ‘fee war’
Franklin Templeton has started the spot Ethereum ETF “fee war” by being the first to announce its fees in an amended S-1 application, according to ETF analyst Eric Balchunas.
American multinational investment firm Franklin Templeton has filed aamended S-1 application for its proposed spot Ether (ETH) exchange-traded fund (ETF) product, and is the first among the applicants to disclose fees to investors.
“The fees of the Sponsor accrues daily at an annualized rate equal to 0.19% of the net asset value of the Fund,” Franklin Templeton stated in a filing with the United States Securities and Exchange Commission on May 31.
Bloomberg ETF analyst Eric Balchunas declared that “the opening shot in the ETH ETF fee war has been fired from Franklin” in an X post on the same day. He shut down questions if it might be “just for some initiation,” claiming that it “looks permanent” as its the same fee as Franklin’s spot Bitcoin ETF product.
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Author: Ciaran Lyons
