iShares Ethereum Trust ETF is trading at $13.31 (+3.34%) as the Ethereum ETF landscape sees increased competition following a low-fee filing from Morgan Stanley.
- Morgan Stanley proposed a 0.14% sponsor fee, significantly undercutting the 0.25% expense ratio currently set for the iShares Ethereum Trust ETF.
- Increased pricing pressure and renewed focus on the crypto ETF category are driving trading interest, even in the absence of a direct fund-specific catalyst.
- With no major U.S. macro releases scheduled for June 22, the move appears to be a reaction to sector-specific headlines rather than broader market sentiment.