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Btw, think this is *huge* miss by Grayscale… If you’re gonna charge *2.5%* on ETHE, need to undercut market w/ mini trust. Disappointing. Entire pricing strategy around both spot btc & eth ETFs seems focused on maximizing short-term revenue vs playing long game. https://t.co/8DE1UIlCIo
Cheap but not sure cheap enough to move the needle (as most are cheaper and brand name BlackRock is same fee) to attract organic flows to offset The Big Unlock. And do these newborns have enough strength to offset those outflows a la btc. Anyway short story is the 2.5% fee made… https://t.co/0sH0tXrjtL
It's mind-blowing that Blackrock fees are 10x cheaper than Grayscale. $ETHE outflows are going to be massive once ETFs are live next week. https://t.co/aPo3NhQYBj
BlackRock is expected to introduce an Ethereum ETF with a fee of 21 basis points, significantly lower than Grayscale's 2.5% fee. This move is anticipated to intensify competition in the market, potentially leading to substantial outflows from Grayscale's ETHE once ETFs are live next week. The lower fee option positions BlackRock as a more attractive choice for investors, being 10x cheaper than Grayscale, challenging other firms like Fidelity and Grayscale to adjust their strategies. The market will soon see how effective BlackRock and others are in marketing their Ethereum ETFs and capturing investor interest.