Spot Ether ETFs Start Trading Today—Here's What You Need To Know
The U.S. Securities and Exchange Commission (SEC) has officially approved nine spot ether (ETH)exchange-traded funds (ETFs) for trading on U.S. exchanges. Trading for these new crypto investment vehicles will begin today. Here's everything you need to know.
The spot ether ETFs that begin trading today can be found on Nasdaq, NYSE Arca, and Cboe BZX. Here is a breakdown of each ETF you can find on these three exchanges, in addition to the funds' tickers:
Cboe BZX will list the Invesco Galaxy Ethereum ETF (QETH), 21Shares Core Ethereum ETF (CETH), Fidelity Ethereum Fund (FETH), Franklin Ethereum ETF (EZET) and VanEck Ethereum ETF (ETHV).
Nasdaq will have the iShares Ethereum Trust ETF (ETHA) created by BlackRock, which also manages the largest spot bitcoin ETF under the IBIT ticker.
NYSE Arca will list the Bitwise Ethereum ETF (ETHW), and Grayscale Ethereum Trust (ETHE). Grayscale's Ethereum Mini Trust (ETH), which will also begin trading on the same exchange.
The spot ether ETFs are intended to offer exposure to the price of the ether held by the funds. Ether is the underlying cryptocurrency of the Ethereum network, the second-largest crypto network when measured by market cap.
Buyers of the ETFs are purchasing shares of funds that hold ether on behalf of their shareholders. Different spot ether ETFs use different sources of data when it comes to pricing ether. The Grayscale Ethereum Trust, for one, uses the CoinDesk Ether Price Index.
None of the ETFs that will be launched today involve staked ether, which is a potential opportunity cost associated with opting for an ETF over other options such as self-custody or a traditional crypto exchange.
Staking ether currently has an annual return of 3.32%, according to the
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