Grayscale has announced a full fee waiver for its Ethereum ETF Mini-Trust up to $2 billion in inflows or for six months, whichever comes first. This announcement comes just days before the launch of the spot Ethereum ETF.
Earlier this week, Grayscale faced criticism for setting its Ethereum ETF fee at 2.5%, which was much higher than its competitors. In response, they revised the fee to just 15 basis points. This makes Grayscale’s Ethereum mini-trust the cheapest among all ETH ETF issuers in the market.
Nate Geraci, President of ETF Store, praised Grayscale for this strategic shift, noting that it positions Grayscale as a leader in the spot crypto ETF category.
Currently, Ethereum is trading around $3,400, with a bullish market sentiment indicated by a put/call ratio of 0.36.
This move by Grayscale highlights its commitment to competitive pricing and aims to solidify its leadership in the burgeoning crypto ETF market.
