Today marks a watershed moment in the US financial markets as the first-ever spot Ethereum ETFs commence trading.

Approved by the US SEC, these funds allow investors to directly engage with the world’s second-largest cryptocurrency.

Jay Jacobs, BlackRock’s US head of thematic and active ETFs, highlighted Ethereum’s utility, stating, “You could think of Ethereum as a global platform for applications that run without decentralized intermediaries.”

The SEC allowed S1 registration statements to become effective on Monday afternoon, giving final approval for the funds to begin trading. This development comes less than three months after spot Bitcoin ETFs were launched in January.

Eight issuers are offering spot Ethereum ETFs with varying fee structures:

• Grayscale Ethereum Mini Trust (NYSE: ETH): 0.15% post-waiver fee
• Franklin Ethereum ETF (CBOE: EZET): 0.1

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Author: Vince Dioquino

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