Analyst Reports 21Shares Shocking Spot Ethereum ETF Fee

Bloomberg ETF analyst Eric Balchunas has shared the latest details from one of the contenders in the Ethereum ETF race.

In a recent tweet, Balchunas revealed crucial information about 21Shares’ upcoming Ethereum ETF offering.

NEW: 21Shares Ether ETF fee will be 0.21% (terrordome in effect) and the ticker is $CETH, as per their just filed final S-1 (they are all due today so expecting more throughout day) pic.twitter.com/stwpdkB0VR

— Eric Balchunas (@EricBalchunas) July 17, 2024

He stated, “21Shares Ether ETF fee will be 0.21% (terrordome in effect) and the ticker is $CETH, as per their just filed final S-1 (they are all due today so expecting more throughout the day).”

Eric Balchunas Expects More

This announcement is the latest update in the Ethereum ETF saga. The 0.21% fee structure indicates that 21Shares is positioning itself competitively.

21Shares has decided to use $CETH for its ticker. Balchunas’ mention of the “just filed final S-1” and the expectation of more filings throughout the day suggests that we’re in the final stretch before the potential launch of these ETFs.  

Recent developments also showed that Ethereum ETFs are set to launch on Tuesday, July 23. Reports also indicate that the SEC has initially approved BlackRock, Franklin Templeton, and VanEck.

Ethereum is doing comparatively better this week than last week. ETH is currently trading above $3,450 as the market has turned bullish after several days of FUD surrounding the German government and Mt. Gox.

ETH is up 11% in the last two days as the Ethereum ETF launch date is inching closer.

Also Read: German Government Bagged $2.88B in the Bitcoin Sell-Off