VanEck sets 0.20% fee for proposed spot ethereum ETF

Investment administration company VanEck plans to payment a price of 0.20 per cent on its proposed place ethereum alternate-traded fund, per a U.S. Securities and Exchange Payment filing on Friday.

The SEC popular applications from Nasdaq, CBOE and NYSE final month to checklist ETFs tied to the impress of ether, potentially paving the way for the products to birth trading later this yr.

9 issuers, including VanEck, ARK Investments/21Shares and BlackRock, hope to launch ETFs tied to the 2d-most attention-grabbing cryptocurrency after the SEC in January popular bitcoin ETFs in a watershed 2d for the alternate.

A spot ethereum ETF enables merchants to affect publicity to the impress of ethereum without the considerations and dangers of owning ethereum directly.