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Franklin Templeton's spot ether ETF sets annual fees at 0.19%
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Franklin Templeton's spot ether ETF sets annual fees at 0.19%
May 31, 2024 12:18 PM

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.

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