here are the fees of the crypto fund managers
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Here we are, all the managers of crypto funds listed on the stock exchange have updated their S-1 forms and published the details regarding the trading fees for the spot Ethereum ETF. This new investment tool will be officially launched on the markets starting from July 23, where the SEC has already formalized the start of trading for Grayscale Mini Trust and ProShares. The investors are buzzing with excitement for the highly anticipated event and are trying to figure out where the price of the crypto will go in the first few hours after the launch. Let’s see all the details below. Start of trading for spot ETFs on Ethereum on July 23 Everything is ready for the official launch on the markets of the spot Ethereum ETF, after the asset managers published the fees of the new crypto funds. After an initial approval by the SEC in May, where various managers submitted the 19b-4 forms, here come the S-1 filings as well. As reported on Monday by the good Eric Balchunas, ETF Analyst for Bloomberg, the expected launch date for the start of trading is Tuesday, July 23. Even Nate Geraci, president of ETFstore, had hypothesized a launch of Ethereum ETFs next week, seeing the insiders finalize the preparations. Update: Nate’s instincts were right, hearing SEC finally gotten back to issuers today, asking them to return FINAL S-1s on Wed (incl fees) and then request effectiveness on Monday after close for a TUESDAY 7/23 LAUNCH. This is provided no unforeseeable last min issues of course! https://t.co/D21FD9Qf94 — Eric Balchunas (@EricBalchunas) July 15, 2024 As the hours go by, the chances of seeing the Ether crypto ETF listed on US exchanges are giving way to certainties. Yesterday the SEC made official the listing of the Grayscale Mini Trust and ProShares…
Filed under: News - @ July 18, 2024 1:26 pm