Ethereum Spot ETFs Debut on US Markets as Trading Begins

Today marks a pivotal moment in US financial markets as the first ethereum spot ETFs begin trading.

Approved by the US SEC, these funds allow investors to interact directly with the world's second-largest cryptocurrency.

Jay Jacobs, head of thematic and asset ETFs at BlackRock in the US, highlighted the utility of ethereum, saying: “You could think of ethereum as a global platform for applications that run without decentralized intermediaries.”

The SEC allowed S1’s registration statements to become effective on Monday afternoon, giving final approval for the funds to begin operating. This development comes less than three months after the launch of bitcoin spot ETFs in January.

Eight issuers offer ethereum Spot ETFs with varying fee structures:

• Grayscale ethereum Mini Trust (NYSE:eth): 0.15% fee after waiver

• Franklin ethereum ETF (CBOE:EZET): 0.19%

• VanEck ethereum ETF (CBOE:ETHV): 0.20%

• Bitwise ethereum ETF (NYSE:ETHW): 0.20%

• 21Shares ethereum Core ETF (CBOE: CETH): 0.21%

• Fidelity ethereum Fund (CBOE: FETH): 0.25%

• iShare ethereum Trust (NASDAQ:ETHA): 0.25%

• Invesco Galaxy ethereum ETF (CBOE: QETH): 0.25%

Additionally, Grayscale’s ethereum Trust (NYSE:ETHE) will continue to trade with a 2.5% fee. Six of the funds will use Coinbase as custodian, while VanEck has chosen Gemini and Fidelity will hold its ether itself.