Bloomberg ETF analyst Eric Balchunas posted on X this morning that the Ethereum spot ETF has been officially approved by the SEC and will be officially listed for trading at 9:30 tomorrow (tonight, Taiwan time), in line with previous market expectations.
Official news: The Ethereum spot ETF has been approved by the SEC. 424(b) forms are arriving now, final step = all systems will be activated tomorrow at 930 AM. Games start.
Coinbase, the largest cryptocurrency exchange in the United States, also stated: Today the U.S. Securities and Exchange Commission (SEC) approved the application for nine spot Ethereum ETFs, marking another important milestone for cryptocurrency and reflecting the continued innovation and growing popularity around crypto assets. Mature regulatory environment.
At the same time, Coinbase also announced that it will be a trusted partner and custodian of the newly approved Ethereum spot ETF.
Ethereum fell instead of rising
However, the milestone passed by the Ethereum spot ETF does not seem to have a boosting effect on ETH. After the news was exposed, it fell to $3,422 in the early morning. It rose slightly to US$3,460 as of press time.
Whether it will fall first and then rise like the Bitcoin spot ETF passed at that time is worthy of our continued attention.
9 Ethereum spot ETF fees released
Ethereum spot ETF fee information, according to a data table compiled by Bloomberg ETF analyst James Seyffart:
- BlackRock: ETHA, fee 0.25% (0.12% for first $2.5 billion or first 12 months);
- Fidelity: code FETH, fee 0.25% (0% in 2024);
- Bitwise: Code ETHW, fee is 0.20% (0% for the first $500 million or the first 6 months);
- 21Shares: code GETH, fee 0.21% (0% for the first $500 million or the first 6 months);
- VanEck: Code ETHV, fee 0.20% (0% for first $1.5 billion or first 12 months);
- Invesco x Galaxy: code QETH, fee 0.25%;
- Franklin: Code EZET, fee is 0.19% (0% before January 31, 2025 or on the first 10 billion US dollars);
- Grayscale Ethereum Spot ETF: code ETHE, fee 2.50%;
- Grayscale Ethereum Spot Mini ETF: Symbol ETH, fees reduced from 0.25% below to 0.15% (0.12% for first $2 billion or first 12 months)
