SEC approved 8 new Ethereum ETFs, driving capital influx and competition, shaping Ethereum investment landscape.

From Nasdaq Corporation

July 29, 2024 2:12:54 pm:

The Securities and Exchange Commission approved Spot Ethereum exchange-traded funds (ETFs) in May, with trading starting on July 23, following the earlier approval of spot Bitcoin ETFs. This marks a significant milestone for the crypto industry, bringing Ethereum into traditional finance, driving capital influx and competition to lower fees.

The SEC approved eight ETFs, including the Grayscale Ethereum Mini Trust, Franklin Ethereum ETF, VanEck Ethereum ETF, Bitwise Ethereum ETF, among others, along with the conversion of Grayscale Ethereum Trust to a spot ETF. Each ETF offers different features, fee structures, and advantages to investors, shaping the landscape of Ethereum investment.

Fidelity Ethereum Fund, with waived fees until 2024, highlights its digital assets ecosystem development since 2014, appealing to investors with its track record in the ETF space and growing capital inflows. Grayscale Ethereum Trust, established in 2017, provides efficient trading for risk allocation and appeals to both retail and institutional investors.

The Grayscale Ethereum Mini Trust offers a 0% fee for six months, emphasizing accessibility to Ethereum for investors with smaller capital investment. The iShares Ethereum Trust partially waives fees for the first 12 months, targeting liquidity for investors, demonstrating the significance of size along with fees in ETF selection.

Bitwise Ethereum ETF, starting with fee waivers or until $500 million in assets, donates 10% of its profits to Ethereum developers, showcasing commitment to the ecosystem and transparency with on-chain address publication. These ETFs present unique approaches and benefits to investors in the evolving Ethereum market.

Read more at Nasdaq MarketSite: 5 Best New Ethereum ETFs With the Highest Upside for You