Ethereum

Big news has been coming from the industry as the SEC has approved applications from multiple spot Ethereum (ETH) ETFs and trading is set to begin today on the 23rd of July.<a href="https://www.htx.com/" rel="noopener noreferrer nofollow">HTX</a>, a major crypto exchange, took to X to share this brilliant news. It also shared the fees of nine different ETFs that applied for approval.Read the full tweet and see the chart below:The approval means that Americans can now trade Ethereum-based sport ETFs. The move by the Securities and Exchange Commission marks the end of a years-long process to get Ethereum ETFs approved.It comes after the <a href="https://blockchainreporter.net/sec-approves-bitcoin-etfs-a-new-era-in-crypto-investment-or-the-end/" rel="noopener noreferrer nofollow">SEC approved spot Bitcoin (BTC) ETFs in January</a>. Putting ETH in an ETF envelope might appeal to regular buyers since the funds can be bought and sold through regular brokerage accounts. Bitcoin ETFs have raised tens of billions of dollars since they first came out earlier this year.In a related development, Grayscale made a transfer of one billion dollars worth of Ethereum to Coinbase on July 22. It indicated that the asset manager is getting ready to launch spot Ethereum exchange-traded funds in the United States.The Grayscale Mini Trust received roughly 10% of the 292,000 ETH that had been transferred from the Coinbase hot wallet. The transfers are large. It seems like Grayscale is pre-seeding funds for the ETF.<h2 id="header-0">Ethereum ETF Fees</h2>The fundamental mechanisms are almost the same for all the ETFs. Every exchange-traded fund is supported by a recognized fund manager, it maintains spot Ethereum with a competent custodian, and it is dependent on a core set of skilled market-makers to generate and redeem stock.Additionally, they all receive the same standard investor protections, which include insurance against the failure of brokerage firms and risks related to cybersecurity cyberattacks.Grayscale&#39;s proposal has the lowest fees and its mini-fund stands out from the competition. It proposed 2.5% fees. Nate Geraci, president of the ETF Store, appreciated this proposal.Apart from Grayscale, Fidelity, BlackRock, and Invesco Galaxy have similar fees at 0.25

SEC Gives the Green Signal: Ethereum ETFs Go Live Today

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