The six companies have all updated their advertising. Ethereum ETF S-1 Registration Statements on May 31 with 21 Shares Significantly dropping Ark Invest From its filing.
It is important to note that the relevant file has been renamed. “Ark 21Shares Ethereum ETF” Then, you can get in touch with us. “21Shares Core Ethereum ETF.” The text also does not mention Ark Invest, whereas in previous submissions Ark Invest was referred to as the subadvisor of the fund.
Ark Invest did not make any comment on the changes.
Details of other amendments
Bitwise, Fidelity, Invesco Galaxy, VanEckThen, Franklin Templeton Also filed are amendments.
Franklin Templeton’s This amendment lists a 0.19% sponsorship fee. It is the first time that an issuer has listed a sponsoring fee on a percent-based basis.
Bloomberg ETF analyst Eric Balchunas Note the absence of “fee war” Comparable to fees that are competitively lower and the temporary discounts available for Bitcoin spot ETFs prior to launch, applicants will be comparing the reduced fees.
In the amended filings, it is stated that each of the funds will refrain from staking. In the filings it is also stated that in-kind redemption and creation are prohibited initially, although they do acknowledge their possibility if regulatory approvals were granted.
Some documents state the initial sales proceeds for the first time or redeclare them. Some filings state the ticker symbol for the very first time.
Earlier amendments
SEC approval of the 19-b4 on May 23, has brought Ethereum spot ETFs nearer to reality. Experts predict a launch by June’s end.
BlackRock has been the pioneer in the field of cryptocurrencies. file an amendment It added several details, such as seed purchase amounts, additional partners and flat sponsor fee maximums on 29 May. The company added additional details such as the amount of seed purchases, new partners and sponsor fees. Grayscale The S-3 filing was amended on 30 May.
All prospective ETF spot issuers who have submitted the latest changes to their applications will now be able to meet SEC deadlines for end of month. The SEC will review the application and may make further changes before the fund can be launched.
Balchunas estimates that it will take about a week to complete the project, and the money should be available by July 4 at the latest.
This article mentions article
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cryptoslate.com