Invesco Galaxy Sets 0.25% Fee for its Spot Ethereum ETF

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The latest round of filings for the Invesco Galaxy Ethereum exchange-traded fund has set its fee at 0.25%.

This information was disclosed in an amended S-1 registration statement submitted to the US Securities and Exchange Commission on Tuesday.

While this fee is slightly higher than others that have been disclosed, such as VanEck’s fee of 0.20% and Franklin Templeton’s fee of 0.19%, it is still within a competitive range.

In its filing, Invesco Galaxy stated that it will pay the Sponsor a fee of 0.25% annually for their services under the Trust Agreement.

This is the only recurring expense for the Trust. On Monday, several other firms including VanEck, 21Shares, BlackRock, Fidelity, Franklin Templeton, and Grayscale also filed amended registration statements.