Steps are moving forward to launch Ethereum exchange-traded funds (ETFs) in the United States.

There are four crucial days left to define the final details, if the expectations of the launch on Tuesday, July 23 are met.

BlackRock, the firm with the most assets under management in the world, has announced the fee it will charge for its Ethereum ETF. This will be 0.12% for the first twelve months or until it accumulates 2.5 billion dollars (USD) and then 0.25%. Although it clarified that it could waive all or part of the fee in periods it decides.

The filing for this product, called iShares Ethereum Trust (ETHA), occurred yesterday on the final day that issuers of the instruments had to report the fees to be charged.

The one established by BlackRock is the same as the one defined for the Grayscale Ethereum Mini Trust (ETH) ETF. Likewise, both Invesco Galaxy Ethereum (QETH) and Fidelit Ethereum Fund (FETH) set a commission of 0.25%. Although the first will start directly with that rate and the second will not charge anything until the end of 2024.

Meanwhile, Grayscale’s fund that will be converted to an ETF, Grayscale Ethereum Trust (ETHE), ranked as the most expensive with a fee of 2.5%. The company also had the highest fee among bitcoin (BTC) ETFs launched in the US market in early 2024, which led to massive outflows of money.

As for the rest, they stand out for being the cheapest and not charging any fees in the first few months. These are 21Shares Core Ethereum (CETH) with a 0.21% fee after six months, Bitwise Ethereum (ETHW) with 0.20% after six months, VanEck Ethereum (ETHV) with 0.20% after one year, and Franklin Ethereum (EXET) with 0.19% until January 31, 2025.

Ethereum ETFs are expected to arrive on July 23

According to sources from exchange-traded fund analyst Eric Balchunas, the launch of the ETFs will be on July 23 if there are no problems. This projection confirms the statements of Nate Geraci, president of the company ETF Store, who also pointed to the same date.

According to estimates by Citibank, which are similar to those of others in the community, these instruments could capture between 30% and 35% of what bitcoin ETFs have already captured . This is equivalent to around USD 5 billion during the first six months, which will put upward pressure on the price of ETH.

According to Bitwise CEO Matt Hougan, ETH will reach new price records above $5,000 by the end of 2024 in this scenario. Meanwhile, the cryptocurrency is trading 30% below the all-time high of $4,900 recorded almost three years ago.