Franklin Templeton has filed an updated S-1 form with the Securities and Exchange Commission (SEC) for its anticipated Ethereum exchange-traded fund (ETF), setting a competitive management fee at 0.19%.
The recent filing comes as the SEC has called on ETF issuers to finalize their S-1 forms by Friday. Insiders familiar with the process indicate that the SEC’s review will be thorough, with expectations of multiple drafting rounds.
As reported by Crypto Briefing, the SEC started engagement with ETF issuers regarding their S-1 registration forms over the past week. Sources familiar with the situation said there is still “work to do” on those forms.
Following the SEC’s approval of spot Ethereum ETFs on May 23, issuers like VanEck and BlackRock have been quick to submit their amended S-1 forms.
On Thursday, Grayscale filed a revised S-3 form for its spot Ethereum ETF and an updated S-1 form for its Grayscale Ethereum Mini Trust.
The DTCC website shows that major financial institutions, including Franklin Templeton, VanEck, BlackRock, and Fidelity, have secured ticker symbols for their Ethereum funds, signaling a significant step towards the launch of these financial products.
