This week’s Crypto Biz also explores Tether’s new hiring, a takeover bid for Cipher, Grayscale new decentralized AI fund, Ether ETFs, and more.
The United States Securities and Exchange Commission is on the brink of greenlighting several spot Ether exchange-traded funds (ETFs), with preliminary approval reportedly already granted to some asset managers, including BlackRock, Franklin Templeton and VanEck.
According to analysts, the regulator is considering a potential market debut on July 23 after instructing asset managers to finalize their S-1 filings to include management fees.
Invesco and Galaxy have set their management fees at 0.25%, while VanEck and Franklin Templeton offer slightly lower fees at 0.20% and 0.19%, respectively. BlackRock has set its fee at 0.25% ahead of a potential launch next week.
