There are already ether ETFs that track futures contracts, but these are the first to track spot ether.
Spot ether ETF applications Grayscale Ethereum Mini Trust (ETH)Grayscale Ethereum Trust (ETHE)Bitwise Ethereum (ETHW)VanEck Ethereum (ETHV)21Shares Core Ethereum (CETH)Invesco Galaxy Ethereum (QETH)Fidelity Ethereum (FETH)Franklin Ethereum (EZET)iShares Ethereum Trust (ETHA) Like the spot bitcoin ETFs that launched in January, most are waiving fees initially — in many cases for up to a year.
By the standards of ETF launches, spot bitcoin ETFs have been a success: They recently topped $17 billion in net flows year to date since their debut.
Bitcoin prices rose going into the launch of spot bitcoin ETFs.
(Ether is the cryptocurrency used in the Ethereum network, but in practice the terms Ethereum and ether are often used interchangeably.)
Persons:
Bitwise, VanEck, Franklin Ethereum, iShares, bitcoin, Ben Johnson, Morningstar's, Matt Hougan, Johnson, Morningstar
Organizations:
Nurphoto, Fidelity, U.S . Securities, Exchange, SEC
Locations:
Washington