Ethereum

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Spot

Spot Ether&nbsp;exchange-traded funds (ETFs) have been approved to begin trading in the United States on July 23.
On July 22, the US Securities and Exchange Commission (SEC) approved the final S-1 registration statements necessary for the ETFs to launch on stock exchanges, including the Nasdaq, the NYSE Arca, and the&nbsp;<a href="https://cointelegraph.com/news/cboe-official-launch-date-spot-ethereum-etf">Chicago Board Options Exchange</a>.
The successful spot Ether (<a href="https://cointelegraph.com/ethereum-price">ETH</a>) ETF issuers include <a href="https://www.sec.gov/Archives/edgar/data/2000638/000135445724000522/ETHA_8-A_Cert.pdf" target="_blank" rel="noopener nofollow">BlackRock</a>,&nbsp;Fidelity, 21Shares, Bitwise, Franklin Templeton, <a href="https://www.sec.gov/Archives/edgar/data/1860788/000141783524000115/8A_Cert_ETHV.pdf" target="_blank" rel="noopener nofollow">VanEck</a> and Invesco Galaxy.
It comes <a href="https://cointelegraph.com/news/sec-spot-ether-etf-approved">two months after the SEC greenlit</a><a href="https://cointelegraph.com/news/sec-spot-ether-etf-approved"></a> their 19b-4 applications on May 23 — approving a rule change allowing spot Ether ETFs to be listed and traded on exchanges.
The BlackRock-issued iShares Ethereum Trust will be listed on the Nasdaq, while the Grayscale Ethereum Trust will be listed on the NYSE Arca. &nbsp;
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-07/f072d778-022c-4eff-8303-811163db2d86.png" alt="Breaking: US spot Ethereum ETFs to begin trading on July 23" title="">
 <figcaption style="text-align: center;">
 Official approval for the Bitwise Ethereum ETF. Source: NYSE Arca
 </figcaption>
</figure>
All spot Ether ETFs except the Grayscale Ethereum Trust will offer a base fee between 0.15% and 0.25%.
Fidelity, 21Shares, Bitwise, Franklin and VanEck <a href="https://cointelegraph.com/news/ethereum-etfs-coming-what-you-need-know">will waive fees</a> on their ETFs for a set period or until the products reach a certain amount in net assets under management.
The Grayscale Ethereum Mini Trust will also waive fees for the first six months or until it reaches $2 billion in net assets.
<h3 data-ct-non-breakable="true" id="biden-s-withdrawal-ether-etfs-could-boost-crypto">Biden’s withdrawal, Ether ETFs could boost crypto</h3>
The spot Ether ETFs were approved a day after US President Joe Biden withdrew from the 2024 election.
Related: <a href="https://cointelegraph.com/news/ethereum-price-will-outperform-bitcoin-following-eth-etf-launch-analysts">Ethereum will outperform Bitcoin after ETF launch — K33 Research</a>
Biden’s decision to drop out from the race was described as a “win for crypto assets” by eToro market analyst Josh Gilbert in a recent note to Cointelegraph:
<blockquote data-ct-non-breakable="true">
 “The longer that we see Trump staying ahead in the election odds, the more crypto assets will price in his victory.”
</blockquote>
Industry analysts expect the spot Ether ETFs to muster between <a href="https://cointelegraph.com/news/ether-etfs-sidekick-bitcoin-etfs-bloomberg-analyst">10% to 20% of the flows</a> that spot Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) ETFs have seen since those products launched a little over six months ago.
Magazine: <a href="https://cointelegraph.com/magazine/bitcoin-price-ethereum-etf-thomas-fahrer/">Bitcoin $500K prediction, spot Ether ETF ‘staking issue’— Thomas Fahrer, X Hall of Flame</a>
Update (July 23 at 11:17am UTC): This article has been updated to replace mentions of NYSE with NYSE Arca. .

Breaking: US spot Ethereum ETFs to begin trading on July 23

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