Franklin Ethereum Trust (EZET) Has the Lowest Fee of 0.19% Among Eight Spot Ether ETF Issuers

Once the Spot Ether ETF receives final approval from the US Securities and Exchange Commission, the price is anticipated to increase.

As the US Securities and Exchange Commission prepares to give its final approval for the Spot Ether ETF, the price of Ethereum ($ETH) is currently at $3,488.76. This approval will allow 401(k) and IRA investors to access ETH, which may have led to their avoidance of crypto investments. It will also contribute to significant inflows into the ecosystem, boosting adoption and recognition in the market.

However, it is crucial to determine which Ethereum ETF to choose. While each crypto investment product allocates funds to the respective digital asset, they differ in the fees charged. Additionally, issuers may adopt varying investment objectives that propose a different rate of return.

The main focus is on the fees, as this is typically what attracts traders and investors initially or encourages them to consider which crypto ETF to choose. Eight Spot Ether ETF issuers have filed final approvals with the Commission, including Franklin Ethereum Trust, VanEck Ethereum Trust, and Bitwise Ethereum ETF.

According to the recent update, Franklin Ethereum Trust (EZET) has the lowest fee, which is 0.19%, as stated in its registration form. The waiver will be effective till January 31, 2025, or until the first $10 billion in fund assets is reached, whichever occurs first. Meanwhile, the VanEck Ethereum Trust (ETHV) has stated a fee of 0.20%, which will be waived for the first 12 months or the first $1.5 billion in fund assets, whichever occurs first.

Bitwise Ethereum ETF (ETHW) and 21SharesCore Ethereum ETF (CETH) share a common policy, where their fees will be waived for the first six months of trading or the first $500 million in fund assets, whichever occurs first. However, there's a slight difference in their fees, with ETHW committing to charge 0.20% and CETH quoting 0.21% in their respective registration forms.

The remaining issuers have the same fee of 0.25%. This includes Fidelity Ethereum Fund (FETH), iShares Ethereum Trust (ETHA), Grayscale Ethereum Mini Trust (ETH), and Invesco Galaxy Ethereum ETH (QETH). Notably, only QETH has not issued a promotional note about waiving its fee for Ether ETF. Every other issuer includes a note that exempts the fee for the first 6–12 months.

Spot Ether ETF issuers are expected to follow the trend set by the Spot Bitcoin ETF, where they discussed their fees with the SEC prior to Bitcoin’s ETF approval but revised them in later registration amendments to undercut their competitor from every angle. In this case, Spot Ether ETF issuers could採取相同做法，在获批前降低费用或至多与最接近竞争对手的费用匹配。

Speculations suggest that the Ether ETFs will either beat the Bitcoin ETFs or at least match their performance in the first 18 months.

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