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Asset Managers Announce Fees For Ethereum ETFs

With a new crop of spot Ethereum (ETH) exchange-traded funds (ETFs) expected to launch in coming weeks, the asset managers behind them have begun to unveil the fees they’ll charge investors.

Invesco (IVZ) and Galaxy Digital (GLXY) are first out of the gate, announcing that they’ll each charge investors a 0.25% management fee on their spot Ethereum ETF.

The fees announced by Invesco and Galaxy are slightly higher than VanEck’s 0.20% management fee, which has also been publicly disclosed.

With about 10 asset managers planning to launch an Ethereum ETF at the same time, fees will play an important role in differentiating products and attracting investor capital.

Fees are charged by asset management firms to cover expenses such as marketing, salaries and custodial services.

Most spot Bitcoin (BTC) ETFs that launched earlier this year charge fees of 0.19% to 0.30%, which will likely be the same for the Ethereum funds.

Spot ETFs will allow investors to track the price movements of Ethereum without having to physically buy and hold the second largest cryptocurrency in a digital wallet.

Ethereum ETFs are expected to launch later in July and in August after receiving a greenlight from U.S. regulators at the end of May this year.

The price of Ethereum has risen 32% this year and currently trades at $3,100 U.S. per token.