SEC Orders Final S-1 Submissions for Ether ETFs with Launch Expected on July 23

• The SEC requires final filing of Form S-1 for Ether ETFs by July 16, with launch scheduled for July 23.
• Invesco and Galaxy set their fees at 0.25%; VanEck and Franklin Templeton at 0.20% and 0.19% respectively.
• Analysts predict that Ether ETFs could attract between $5 billion and $10 billion in new flows.

The U.S. Securities and Exchange Commission (SEC) has issued final guidance to asset managers set to launch Ethereum exchange-traded funds (ETFs). reported According to Times Of Update analyst Eric Balchunas, the SEC requires issuers to submit their finalized S-1 filings by July 16, with a targeted launch date for new Ether ETFs set for July 23.

The documents submitted must detail the management fees that will be charged.

The move follows the SEC’s May 23 approval of the issuers’ Form 19-b, which proposed rule changes to allow crypto-based investment vehicles.

Now, asset managers must obtain approval for their initial securities registration S-1 forms, marking a major step toward the official launch of Ether ETFs.

Several prominent financial institutions are competing for SEC approval and the opportunity to bring Ether ETFs to market. Notable names include BlackRock, Grayscale, Fidelity, ARK 21Shares, Invesco Galaxy, VanEck, Hashdex, and Franklin Templeton.

Companies have defined different fee structures for Ethereum ETFs

Invesco and Galaxy set their management fees at 0.25%, slightly higher than VanEck and Franklin Templeton, which disclosed fees of 0.20% and 0.19% respectively.

However, this fee is significantly lower than the 2.50% management fee charged by Grayscale’s existing Ethereum Trust.

Grayscale, which plans to launch a new Ethereum spot ETF, has yet to disclose its new fee structure.

This competitive fee landscape should benefit investors, making Ether ETFs an attractive option for those looking to gain exposure to Ethereum.

Lower fees can improve overall performance, especially over the long term, and are likely to attract a broad investor base.

Potential Impact of Ether ETF Approval on the Market

The SEC’s approval process for Ether ETFs is expected to follow a similar trajectory to that of Bitcoin ETFs. Analysts predict that Ether ETFs could garner significant investor interest, potentially attracting as much as $10 billion in new flows within months of their launch.

Tom Dunleavy, managing partner at crypto investment firm MV Global, suggested that the success of Bitcoin ETFs, which have generated $15 billion in flows, indicates a bright future for Ether ETFs. He estimates that Ether ETFs could see inflows of between $5 billion and $10 billion.

The introduction of Ether ETFs marks a significant milestone in the cryptocurrency investment landscape. It represents a step towards greater acceptance and accessibility of digital assets, providing investors with new opportunities to diversify their…