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Funds from BlackRock, Bitwise Asset Management, Franklin Templeton, Invesco, Fidelity Investments, VanEck, and 21Shares were among those approved by the regulator. It is anticipated that trading of their units will start as early as Tuesday.
Ethereum is the second-most well-known cryptocurrency worldwide. Its market capitalization is about $415 billion. Additionally, Ethereum will be the second cryptocurrency to receive spot funding approval from the SEC. The first was bitcoin, for which ETFs were introduced this year in January with SEC approval. More than $17 billion has been put in these funds by investors since then. According to Bitget, the first few weeks of the spot fund debut on Ethereum might bring in $1–4 billion.
Commissions on all but one of the funds will be less than 0.25%, per Bloomberg Intelligence. Meanwhile, a minimum of five issuers intend to waive all fees during the initial phases.
source: bloomberg.com
Ethereum is the second-most well-known cryptocurrency worldwide. Its market capitalization is about $415 billion. Additionally, Ethereum will be the second cryptocurrency to receive spot funding approval from the SEC. The first was bitcoin, for which ETFs were introduced this year in January with SEC approval. More than $17 billion has been put in these funds by investors since then. According to Bitget, the first few weeks of the spot fund debut on Ethereum might bring in $1–4 billion.
Commissions on all but one of the funds will be less than 0.25%, per Bloomberg Intelligence. Meanwhile, a minimum of five issuers intend to waive all fees during the initial phases.
source: bloomberg.com
