Ethereum ETF Waives Fees Ahead of Listing This Week

[Rakin343]

Ethereum exchange traded fund (ETF) Evolve, due to start trading tomorrow, has announced it will waive its 0.75% management fee effective immediately.
In what looks like a competition for investors with the two other Ethereum ETFs that received approval from Canadian regulators last week, the company said in a statement that it would keep the fee at zero until May 31. As Bloomberg noted earlier today, these same firms engaged in a price war following the launch of Bitcoin ETFs earlier this year. This time, shots are being fired even before the ETH ETFs hit the market.
“This voluntary management fee waiver will result in a 0% management fee for the Ether ETF until May 31, 2021, bringing an immediate value opportunity to investors for this limited time,” Evolve said in a statement.
The company got approved to launch its ETF last week along with Purpose Investments, and CI Global Asset Management. All three ETFs will begin trading on the Toronto Stock Exchange tomorrow. In press releases announcing their approvals, they each claimed to be the “world’s first” Ethereum ETF, though the trio of investment funds will begin trading on the same day. Source