May 31 (Reuters) - Franklin Templeton's
exchange-traded fund (ETF) tracking the price of cryptocurrency
ethereum will charge an annualized fee of 0.19% of its net asset
value, it disclosed on Friday.
Fees on the first $10 billion of assets that the ETF
accrues will be waived for six months after its listing, the
fund said.
Last week, the Securities and Exchange Commission
approved applications
from Nasdaq, CBOE and NYSE to list such ETFs in a major win
for the crypto industry.
A host of asset managers who filed applications to list
spot ether ETFs are expected to disclose their planned fees in
the coming weeks.