Seven Ethereum ETF applicants revised their SEC registration statements on June 21, raising anticipation for a potential early July launch.

Franklin Templeton, VanEck, Invesco Galaxy, BlackRock, 21Shares, and Fidelity all updated their S-1 registrations for their respective funds.

Grayscale submitted amended S-3 and S-1 registrations for its Ethereum Trust and mini Ethereum Trust, respectively, while Bitwise did not revise its registration statement.

Bloomberg ETF analyst Eric Balchunas suggested July 2 as a likely launch date following these updates, noting, "Anyway that’s basically a wrap. Ball in SEC’s court now."

Balchunas also maintained his forecast that Ethereum ETFs are unlikely to attract more than 20% of the assets under management (AUM) that Bitcoin ETFs have gathered.

Fee disclosures included Franklin Templeton revealing a 0.19% sponsor fee, with the fee waived for the first $10 billion in assets for six months. VanEck similarly disclosed a 0.20% sponsor fee, waived for the first $1.5 billion until an undisclosed date in 2025.

Balchunas speculated that these low fees could pressure BlackRock to announce a sponsor fee below 30 basis points for its ETF. Notably, BlackRock and Fidelity have yet to disclose their sponsor fees.

Balchunas emphasized that BlackRock’s fee announcement is a critical detail that could intensify competition among ETF providers, stating, "[BlackRock’s] fee is the sun that the rest will need to orbit around."

The launch of spot Bitcoin ETFs earlier in the year triggered a fee competition among issuers, with current fees ranging mostly between 0.19% and 0.39%. Grayscale's GBTC, however, charges a higher fee of 1.5%.

Invesco Galaxy reported a seed transaction of $100,000 on June 17, involving the purchase of 4,000 Shares at $25 per share. Grayscale also disclosed a $100,000 seed share purchase for its mini Ethereum Trust, while Fidelity's seed capital investor, FMR Capital, invested $4.7 million in its ETF by purchasing 125,000 shares at $37.99 per share on June 4. BlackRock had previously reported $10 million in seed funding for its ETF.