(Reuters) – Funding administration agency VanEck plans to cost a charge of 0.20% on its proposed ethereum spot exchange-traded fund, a submitting with the U.S. Securities and Trade Fee confirmed on Friday.

The SEC final month accepted itemizing purposes from Nasdaq, CBOE and the NYSE for ETFs monitoring the value of Ethereum, doubtlessly paving the best way for these merchandise to start buying and selling later this 12 months.

Following the SEC's approval of a bitcoin ETF in January, marking a milestone for the business, 9 issuers, together with VanEck, ARK Investments/21Shares and BlackRock (NYSE:), are hoping to launch ETFs tied to the second-largest cryptocurrency by market capitalization.

A spot Ethereum ETF permits traders to realize publicity to the value of Ethereum with out the complexities and dangers of proudly owning Ethereum immediately.