tl;dr
21Shares filed an amended S-1 form for its Spot Ethereum ETF, disclosing key details about the Trust’s operations and fees. The filing revealed a 0.21% sponsor fee and a proposed 6-month fee waiver after the ETF listing. This move aims to attract investors by reducing operational costs during the Tr...
21Shares has submitted an updated S-1 form for its Spot Ethereum ETF, revealing key details and a competitive sponsor fee. The company has proposed a 6-month fee waiver after the ETF listing, aiming to attract investors and reduce operational costs during the Trust’s initial growth phase. Notably, this move places 21Shares second in the competitive fees for Spot Ethereum ETFs. The filing aligns with the potential Ether ETF launch date set for July 23, with the SEC having preliminarily approved at least four issuers, hinting at imminent developments pending final procedural checks.
The filing discloses that 21Shares Core Ethereum Trust (CETH) will pay a 0.21% sponsor fee, in line with market expectations. Furthermore, the company has proposed to waive the entire sponsor fee for a six-month period after the ETF listing, or until the Trust’s assets reach $500 million, whichever milestone comes first. This strategic approach aims to attract investors and reduce operational costs during the Trust’s initial growth phase. With reports indicating that the SEC has preliminarily approved at least four issuers, the stage is set for imminent developments pending final procedural checks.
With 21Shares being the first to file an updated S-1 for its Ethereum ETF application, other issuers are expected to follow suit. The much-anticipated Spot Ethereum ETF launch coincides with significant crypto events, such as The Bitcoin Conference in Nashville, expected to draw heightened market attention. The timeline also aligns with the potential for major hype around the launch and the conference, given Donald Trump’s attendance.
More about C3 Ai Inc
```html
C3 Ai Inc (C3), a technology company providing prepackaged software and services, has reported a market capitalization of $3,767,007,000. The stock experienced a price change of -2.34, closing at $2.602. The Relative Strength Index (RSI) stands at -0.901, indicating a bearish trend. The trading volume was 310,582,000, and the stock closed at $29.35, with no significant change in the Bollinger Bands. The stock shows a 0.196 increase in the bullish trend.
```