ETHE - Grayscale Investments Lowers Proposed Fee For Ethereum ETF 'Wised Up' Says Analyst | Benzinga
Grayscale took a strategic step by cutting its proposed fee for its spot Ethereum (CRYPTO: ETH) ETF by a significant 40%, thereby trying to gain an edge over competitors in the imminent asset race.
What Happened: Grayscale revised its intended sponsor fee for the Ethereum Mini Trust to 0.15%, a substantial drop from the initially proposed 0.25% fee, The Block reported. The full waiver is at $2 billion. The original fee was on par with similar offerings by BlackRock and Fidelity, as well as a proposed fund by Invesco and Galaxy.
The revised fee now undercuts rival funds by Franklin Templeton (0.19%), VanEck (0.20%), Bitwise (0.20%) and 21Shares (0.21%).
Grayscale is gearing up to convert its Ethereum Trust ...