Breaking: 21Shares Files Updated Spot Ethereum ETF S-1, Reveals Sponsor Fee

21Shares has filed an amended S-1 form for its Spot Ethereum ETF, revealing key details about the Trust’s operations and fees. The filing revealed the sponsor fee to be charged once the ETF starts trading. In addition, details on a 6-month fee waiver were included.

21Shares Submits Updated S-1 For Spot Ethereum ETF

According to the filing, 21Shares Core Ethereum Trust (CETH), will pay a unitary sponsor fee equivalent to 0.21% of its Ethereum (ETH) holdings. The competitive fee is in line with market expectations as VanEck’s 0.20% fee sparked speculations of lower fees by all eight issuers.

Interestingly, the has proposed to waive the entire sponsor fee for a six-month period following the initial listing of the Ethereum ETF on exchanges. However, the fee waiver can also be removed when the Trust’s assets reach $500 million, whichever milestone is achieved earlier. This waiver strategy aims to attract investors by reducing operational costs during the Trust’s initial growth phase.

Earlier, Bitwise offered a similar fee waiver, however, the firm is yet to announce the sponsor fee details. In addition, Invesco Galaxy also disclosed 0.25% fee in a July 9 filing. Hence, the latest revelation by 21Shares places it second in the list of competitive fee for Spot Ethereum ETFs.

Moreover, the amended S-1 filing underscores 21Shares’ proactive approach in structuring its ETF to appeal to potential investors in the crypto market. Also, the latest development is in line with the potential Ether ETF launch date set for July 23. Earlier, Bloomberg reported that July 17 will see the final round of S-1 amendments with fee details and 21Shares’ filing proves that right.

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