Invesco Galaxy Ethereum ETF (QETH) Sets Management Fees at 0.25% Ahead of Anticipated Rollout of Spot Ether Funds

This is the latest sign of mounting competition among exchange-traded fund (ETF) sponsors ahead of the anticipated rollout of spot Ether (ETH) funds later this month.

Asset managers Invesco and Galaxy have set management fees for the Invesco Galaxy Ethereum ETF (QETH) at 0.25% in an amended filing to U.S. regulators on July 9. This move comes ahead of the anticipated rollout of spot Ether ETH funds later this month.

The latest filings are an early indication of mounting competition among exchange-traded fund (ETF) sponsors, which is helping to drive down fees for investors.

After U.S. regulators greenlighted the listing of BTC ETFs in January, Bitcoin BTC investors also benefited from competition among fund managers. Around half of the nearly dozen BTC ETFs on the market have slashed management fees or temporarily waived them entirely in a bid to draw investor fund flows away from rivals.

However, none of the S-1 registrations filed so far include a specific start date for listings. Industry analysts expect that spot ETH ETFs could begin trading as soon as this month.

The filings come as part of a wave of applications by fund managers for publicly traded crypto investment vehicles.

On Jan. 8, the Chicago Board Options Exchange (CBOE) filed applications to list VanEck and 21Shares’ proposed spot Solana SOL ETFs on its exchange platform. U.S. regulators are expected to make a final decision on those funds around March 2025.

So far, none of the proposed spot crypto ETFs feature staking. Several top fund sponsors — including Ark Investments Management and Fidelity Investments — dropped staking plans from their proposed spot ETH ETFs following resistance from the U.S. Securities and Exchange Commission.

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