The U.S. Securities and Exchange Commission (SEC) has approved multiple institutions to launch spot Ethereum ETFs on major American exchanges starting July 23. This landmark decision is expected to channel billions of dollars into the Ethereum ecosystem.
Key Approved Institutions
- BlackRock: iShares Ethereum Trust (Nasdaq)
- Fidelity: Ethereum ETF (NYSE)
- Grayscale: Ethereum Trust (NYSE)
- Others: 21Shares, Bitwise, Franklin Templeton, VanEck, Invesco Galaxy
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Fee Structures and Promotions
Most ETFs feature competitive fee ranges (0.15%–0.25%), with several waivers:
- Fidelity, 21Shares, Bitwise: Fee waivers until assets hit specified thresholds.
- Grayscale: No fees for first 6 months or until $2B AUM.
Market Impact Post-Biden’s Exit
Approval coincides with President Joe Biden’s withdrawal from the 2024 election, potentially amplifying crypto market optimism. Analysts suggest:
- Ethereum may outperform Bitcoin post-ETF launch (K33 Research).
- 10–20% of Bitcoin ETF flows could migrate to Ethereum ETFs.
FAQs
Q: When do Ethereum ETFs start trading?
A: July 23 on Nasdaq, NYSE, and CBOE.
Q: Which institutions offer fee waivers?
A: Fidelity, 21Shares, Bitwise, Franklin Templeton, and VanEck.
Q: How might Biden’s exit affect crypto?
A: Political shifts favor crypto sentiment, per eToro analysts.
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Long-Term Outlook
Industry projections highlight Ethereum’s growth potential, with ETFs acting as a catalyst for institutional adoption.
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