Ethereum
Ethereum ETFs (Finally) Approved to Launch Today
The day has finally arrived – Ethereum ETF have been officially approved to begin trading in the United States.
Since yesterday afternoon, the United States Securities and Exchange Commission (SECOND) authorized the registration forms of 21 shares, Bitwise, Black rock, loyalty, Franklin Templeton, Van Eck And Invesco Galaxyas well as Grayscale Ethereum Trust and the Grayscale Ethereum Mini Trust.
“The launch of the 21Shares Core Ethereum ETF (CETH) marks a significant milestone for 21Shares and for U.S. investors. Today’s approval is further proof that cryptocurrency as an asset class is here to stay,” said Ophelia Snyder, co-founder and president of 21Shares, in an emailed statement.
Technically Ethereum AND F were approved by the SEC in May, but the companies still needed their registration statements to become effective before going public.
ETH ETF Approval: Market Reaction
Ethereum Price Hasn’t Moved Since SEC Approved ETH ETFs, But Crypto Industry Rejoices Nonetheless
The market has been eagerly awaiting the actual launch since then, patiently waiting despite the delays. The Ethereum ETF launch, originally scheduled for July 2, was pushed back after the regulator returned S-1 forms to potential ETH ETF issuers.
Ethereum ETF Launch Unsurprisingly Delayed as SEC Returns S-1 Forms
S-1 forms returned to Ethereum ETF issuers by SEC, indefinitely delaying its planned July 2 launch
Cynthia Lo Bessette, head of digital asset management at Fidelity, said the firm’s ETH ETF will offer investors exposure to Ethereum through “thoughtful index and product design, supported by a dedicated operations and trading team and industry-leading security.”
“This is a testament to Fidelity’s rich history and commitment to meeting the evolving needs of our customers,” added Lo Bessette.
The launch of Ethereum ETFs comes six months after the launch of Bitcoin ETFwhich have attracted over $16 billion in inflows. The proposed fees for ETH ETFs are shown in the table below, shared by Bloomberg analyst James Seyffart on X/Twitter. Grayscale has changed the details of its fee waiver to 0% for the first six months.