Breaking: US spot Ethereum ETFs to begin trading on July 23
Spot Ether 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 New York Stock Exchange (NYSE) and the Chicago Board Options Exchange .
The successful spot Ether ( ETH ) ETF issuers include BlackRock , Fidelity, 21Shares, Bitwise, Franklin Templeton, VanEck and Invesco Galaxy.
It comes two months after the SEC greenlit 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.
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 will waive fees 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.
Biden’s withdrawal, Ether ETFs could boost crypto
The spot Ether ETFs were approved a day after US President Joe Biden withdrew from the 2024 election.
Related: Ethereum will outperform Bitcoin after ETF launch — K33 Research
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:
“The longer that we see Trump staying ahead in the election odds, the more crypto assets will price in his victory.”
Industry analysts expect the spot Ether ETFs to muster between 10% to 20% of the flows that spot Bitcoin ( BTC ) ETFs have seen since those products launched a little over six months ago.
Magazine: Bitcoin $500K prediction, spot Ether ETF ‘staking issue’— Thomas Fahrer, X Hall of Flame
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BTFD’s $0.0002 Launchpad Attracts Bulls—SLERF and GOAT Trade Red Among the Top New Meme Coins to Join Today
Explore the top new meme coins to join today. BTFD’s $0.0002 presale attracts bulls, while SLERF holds green and GOAT trades red in weekly charts.BTFD Coin’s Bulls Squad Powers a Presale Surge as Final Countdown BeginsGOAT Dips as Weekly Pressure MountsFinal Thoughts

Unstaked to Deliver 2,700% ROI, ICP Eyes $10 & SUI Rallies: Which Crypto Will Lead The Market in 2025?
ICP hits new resistance levels and SUI rallies, but Unstaked’s real AI utility and 2,700% ROI potential make it the crypto’s next big thing.ICP Eyes $10 as Support Holds StrongSUI Price Jumps 15%, But Aptos May Have the EdgeUnstaked: The Hidden Gem with 2,700% ROI PotentialFinal Thoughts

Web3 ai’s Advanced AI Tools Push Presale To $4.5 Million, as SUI Breaks Out & XLM Climbs the Charts
Discover how Sui (SUI) breaks through key resistance and Stellar (XLM) moves to surpass SHIB, while Web3 ai’s $0.000365 token and AI tools could deliver 1,747% ROI.SUI Price Rally Extends Beyond $4.10 After Breaking $3.50 MarkStellar (XLM) Sees Strong Momentum and Market Cap GrowthWeb3 ai’s Scam Detector Adds Real Protection for Crypto UsersSumming Up!

Solana Mobile to Launch Seeker with $SKR Token and Revamped Dapp Store
Trending news
MoreCrypto prices
More








