Franklin Templeton Ignites Ethereum ETF 'Fees War' by Announcing Fees for Its Proposed Spot Ether ETF Product

According to Cointelegraph: Franklin Templeton, the American multinational investment company, has reportedly sparked off the 'fee wars' for the spot Ethereum ETF by declaring its fees in an amended S-1 application. This makes Franklin the first among applicants to divulge its fees to investors. In a filing with the United States Securities and Exchange Commission (SEC), the firm announced, “The fees of the Sponsor accrue daily at an annualised rate equivalent of 0.19% of the net asset value of the Fund.” ETF analyst Eric Balchunas stated in his post that Franklin had "launched the first salvo in the ETH ETF fee war". Despite other firms like VanEck, Invesco, and Galaxy also filing their amended S-1 applications simultaneously, none have revealed their fees for these investments. With expectations that the spot Ether ETFs might be launched by the end of June, according to Balchunas, the market seems ready for another thrilling phase of the ongoing 'fees war'.