Ethereum Spot ETFs Launch on US Exchanges Following SEC Approval

CoinGrab Asia William Lee CoinGrab Asia William
July 23, 2024
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In a notable advancement for cryptocurrency investment vehicles, several Ethereum spot ETFs have commenced trading on major US exchanges following approval from the United States Securities and Exchange Commission (SEC).

Here’s a look at the details and initial trading values of these ETFs:

  1. BlackRock Ethereum Spot ETF (Ticker: ETHA) – This ETF made its debut on the Nasdaq exchange, initially trading at $26.480. BlackRock’s entrance into the Ethereum ETF market highlights the growing institutional interest in digital assets.
  2. Fidelity Ethereum Spot ETF (Ticker: FETH) – Trading on the CBOE exchange, Fidelity’s ETF opened at $34.960, showcasing the firm’s commitment to integrating digital assets into traditional financial products.
  3. Bitwise Ethereum Spot ETF (Ticker: ETHW) – Launched on the New York Stock Exchange (NYSE), this ETF started trading at $25.100, reflecting Bitwise’s continued innovation in crypto-based investment products.
  4. VanEck Ethereum Spot ETF (Ticker: ETHV) – Also trading on the CBOE exchange, VanEck’s ETF began at $51.180, indicating strong market anticipation for Ethereum-based ETFs.
  5. Invesco Galaxy Ethereum Spot ETF (Ticker: QETH) – This ETF, available on the CBOE exchange, opened at $34.940, highlighting Invesco’s collaboration with Galaxy Digital to expand into the crypto ETF market.
  6. Franklin Ethereum Spot ETF (Ticker: EZET) – Franklin Templeton’s ETF, trading on the CBOE, started at $26.570, offering investors another avenue to gain exposure to Ethereum.
  7. Grayscale Ethereum Spot ETF (Ticker: ETHE) – Grayscale’s offering, listed on the NYSE, opened at $29.470. Known for its prior crypto trusts, Grayscale’s move into spot ETFs marks a significant pivot towards more mainstream financial structures.
  8. Grayscale Ethereum Spot Mini ETF (Ticker: ETH) – A smaller-scale version of their main ETF, this product also began trading on the NYSE, starting at $3.285.

These listings signify a major step in the acceptance and integration of cryptocurrencies within regulated investment frameworks in the United States. Each ETF offers traditional investors a regulated pathway to gain exposure to Ethereum without the complexities of direct cryptocurrency ownership. As these products begin trading, they are set to provide new opportunities for both retail and institutional investors looking to diversify into digital assets.


Disclaimer: The projections and information presented here are for educational purposes only and should not be considered financial advice. CoinGrab.Asia assumes no responsibility for any losses resulting from the use of this data. Readers are encouraged to perform their own research and proceed cautiously before engaging in any related activities.

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CoinGrab Asia William Editor
William, originally carving out a career in Singapore's structured finance sector, made a pivotal shift to follow his passion for the dynamic and often turbulent world of cryptocurrency and financial markets. Now a distinguished cryptocurrency journalist and market analyst, William has authored over 800 insightful articles, making a significant mark in the crypto journalism field.Driven by a keen interest in the underlying mechanisms of the crypto world, William specializes in on-chain analysis, which involves examining transactions recorded on blockchains to gauge market trends and sentiments. His expertise also extends to dissecting events that trigger substantial market movements, providing his readers and followers with a deeper understanding of what drives fluctuations in cryptocurrency values.William’s contributions to the crypto community go beyond mere reporting. He regularly publishes opinion pieces that offer thoughtful perspectives on the latest developments and trends shaping the cryptocurrency landscape. His work not only informs but also enriches the dialogue within the crypto space, offering both novices and seasoned investors valuable insights into the complexities of market dynamics.
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CoinGrab Asia William Lee
Author CoinGrab Asia William

William, originally carving out a career in Singapore's structured finance sector, made a pivotal shift to follow his passion for the dynamic and often turbulent world of cryptocurrency and financial markets. Now a distinguished cryptocurrency journalist and market analyst, William has authored over 800 insightful articles, making a significant mark in the crypto journalism field.Driven by a keen interest in the underlying mechanisms of the crypto world, William specializes in on-chain analysis, which involves examining transactions recorded on blockchains to gauge market trends and sentiments. His expertise also extends to dissecting events that trigger substantial market movements, providing his readers and followers with a deeper understanding of what drives fluctuations in cryptocurrency values.William’s contributions to the crypto community go beyond mere reporting. He regularly publishes opinion pieces that offer thoughtful perspectives on the latest developments and trends shaping the cryptocurrency landscape. His work not only informs but also enriches the dialogue within the crypto space, offering both novices and seasoned investors valuable insights into the complexities of market dynamics.

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