U.S. SEC has officially approved nine Ethereum spot ETFs, with trading set to begin on July 23, 2024.
This landmark decision is expected to significantly impact the ETH market, with predictions of ETH prices surpassing $5,000.
Find out more about the approved ETFs, their fees, and anticipated market trends in this detailed update.
List of Approved Ethereum Spot ETFs
On July 22, 2024, the U.S. Securities and Exchange Commission (SEC) granted final approval for the S-1 registration statements required to commence trading of Ethereum spot ETFs.
The following nine Ethereum spot ETFs have been approved and are scheduled to begin trading on July 23, 2024:
- Franklin Ethereum ETF (EZET)
- VanEck Ethereum ETF (ETHV)
- Bitwise Ethereum ETF (ETHW)
- 21Shares Core Ethereum ETF (CETH)
- Fidelity Ethereum Fund (FETH)
- iShares Ethereum Trust (ETHA)
- Invesco Galaxy Ethereum ETF (QETH)
- Grayscale Ethereum Mini Trust (ETH)
- Grayscale Ethereum Trust (ETHE)
Ethereum Spot ETFs Fees and Discounts
The fees for these Ethereum spot ETFs vary, currently set between 0.15% and 2.50%. However, many of these ETFs will offer fee discounts for the first few months post-listing.
Details regarding the name, ticker, initial fees, discounts, listing venues, and custodians for each Ethereum spot ETF are as follows.
Grayscale's "Grayscale Ethereum Trust" has a particularly high fee of 2.50%, while the company's Grayscale Ethereum Mini Trust has a very low fee of 0.15%.
For the next 6 to 12 months, most ETFs are expected to implement fee waivers or discounts, which may lead to particularly active trading of Ethereum spot ETFs during this period.
Ethereum spot ETFs are anticipated to significantly influence the price of ETH. According to the Chief Investment Officer of Bitwise, the price of ETH is expected to exceed $5,000 following the launch of Ethereum spot ETFs. Consequently, there is considerable interest in the upcoming market movements.
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