Franklin Templeton also filed changes to the S-1 form for its Ethereum ETF with the SEC – DiarioBitcoin

In this presentation, Franklin Templeton indicates that it will apply a commission margin of 0.19% for its ETF Ethereum spot, same value applicable for operations in your fund based on Bitcoin.

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• Franklin Templeton submitted to the SEC modified version of the form S-1
• This would be the last step before the final verdict of the SEC
• They indicate that the commission margin that the fund will manage will be 0.19%
• ETFs Ethereum in cash have already been approved by the SEC, but the date of release to the market remains to be determined

The US-based investment fund management company, Franklin Templeton presented today before the Securities and Exchange Commission (SEC) a new modified version of the form S-1 for your ETF application Ethereum in cash, this being the last necessary requirement before the arrival of these products to the US market.

Franklin Templeton reveals commission margin of its ETF Ethereum

This is seen in an update published on the official website of the SEC, where you can see the new version of the presentation S-1. As an interesting fact, the team Franklin Templeton informs that it will only charge a fee of 0.19% for operations, this being the same margin that applies for operations in its ETF Bitcoin cash, one of the lowest among its peers.

Faced with this data, the senior analyst of Bloomberg, Eric Balchunas, indicated in a message through his X account (Twitter) that this could be “the first shot in the war over Ethereum ETF fees”since most likely responsible managers would want to make their products much more attractive to attract as many investors as possible.

The presentation of FRanklin Templeton comes to place days after BlackRock Do the same for your ETF Ethereum in cash, in which no details were offered about the rates managed by commissions. Previously Fidelity did the same with your request S-1, just when the other applicants and exchanges were working on modifications to their forms 19b-4.

Less and less for ETFs Ethereum cash

The submission of the report S-1 of Franklin Templeton comes to place a day after the SEC All applicants are requested to submit the required drafts today, in view of the final verdict that the regulator will give soon.

Previously the SEC approved the forms 19b-4 for eight ETF applications Ethereum cash. This step represents the approval for products based on the digital currency, but it is the registration S-1 which will set the date for the start of operations, which is completely at the discretion of the regulatory agency since it is not subject to specific periods.

For some analysts, the arrival of ETFs Ethereum spot has become a political issue, since the approval by the SEC It came about when it was thought that such requests would be rejected. Some figures believe that the US government led by President Joe Biden is using this issue to its advantage, and seeks to convey a more friendly perspective towards the crypto sector so that this translates into votes in favor of his re-election.

In light of the latter, analysts of JPMorgan expect ETFs Ethereum begin operations in the coming months, probably before the US presidential elections scheduled for the end of the year.

Article by Angel Di Matteo / DailyBitcoin

Picture of Unsplash, edited with Canva

WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.