Here are 10 Ethereum ETFs Traded in US Stock Exchanges

Bittime – After a long wait, a number of large investment firms have finally succeeded in launching Ethereum spot ETFs in the United States. Below is a list of Ethereum ETFs that can now be traded on American stock exchanges.

Previously SEC Rejected ETFs

ETFs or Exchange-Traded Funds are popular investment products that allow investors to purchase shares that track the price of an underlying asset. These underlying assets can be gold, foreign currency, crypto, technology stocks, and others. ETFs are traded on stock exchanges like regular shares.

After the US Securities and Exchange Commission (SEC) gave the green light to 11 spot Bitcoin ETFs last January, the financial industry was shocked by a similar decision for Ethereum ETFs. This is a big change after the SEC rejected similar ETF applications for years.

Read Also: Bitcoin and Ethereum ETF Inflows Positive, US Economy Strong

List of Ethereum ETFs on US Exchanges

Here is a list of Ethereum ETFs currently available on US stock exchanges:

1. BlackRock

BlackRock, through the iShares Ethereum Trust (ETHA), can now trade on the Nasdaq after previously filing an S-1 form last November. BlackRock CEO Larry Fink is known as a supporter of Ethereum and has spoken about the potential for real-world tokenization of the asset.

2. Grayscale

Grayscale Investments successfully converted the Grayscale Ethereum Trust into an Ethereum spot ETF traded on NYSE Arca. Previously, this product operated as a closed-end fund. Grayscale already has experience in converting products into ETFs after its success with the Bitcoin Trust.

3. 21Shares

Initially partnering with ARK Invest, 21Shares eventually launched the 21Shares Core Ethereum ETF (CETH) independently. This ETF has a fee of 0.21% that will be phased out over six months or until assets reach $500 million.

4. Fidelity

Fidelity also joined the Ethereum ETF race by launching the Fidelity Ethereum Fund (FETH). This product is subject to a 0.25% fee which will be phased out until the end of 2024.

5. VanEck

VanEck has been one of the pioneers in proposing an Ethereum ETF since 2021. Even though it withdrew its application, VanEck finally succeeded in launching an Ethereum ETF (ETHV) with a base fee of 0.20% that was waived for a year or until assets reached $1.5 billion.

Read Also: Ethereum Spot ETFs See $98.3 Million Net Withdrawal, 4-Day Trend

6. Franklin Templeton

Franklin Templeton joined the market by launching the Franklin Ethereum ETF (EZET). This ETF has a 0.19% fee that will be phased out until the end of January 2025 or until assets reach $10 billion.

7. Invesco/Galaxy Digital

The collaboration between Invesco and Galaxy Digital resulted in the Invesco Galaxy Ethereum ETF (QETH) with a base fee of 0.25%.

8. Bitwise

Bitwise has also jumped on the bandwagon by launching the Bitwise Ethereum ETF (BITW) with a 0.20% base fee that is waived for the first six months or until assets reach $500 million.

9. ProShares

ProShares also received approval for an Ethereum ETF but it has not yet started trading. Information regarding tickers and fees has not been released.

10. Hashdex

Hashdex initially proposed a hybrid Ethereum ETF with futures contracts, but later withdrew the application. They are now focusing on a Bitcoin and Ethereum hybrid ETF.

Impact on Ethereum Price

The launch of an Ethereum ETF is expected to increase demand for Ethereum. However, some analysts predict a temporary price correction before rising again. Meanwhile, Ethereum remains an attractive digital asset for investors due to its growth potential.

Summer: Bittime

When this article was written on July 31, ETH experienced a price decline of 0.73% so that it is currently selling at IDR 54,142. Previously, ETH was at its highest price in 24 hours, namely IDR 54,993.

Benefits and Challenges of Investing in Ethereum ETFs

The launch of an Ethereum ETF in the United States opens up new opportunities for investors to participate in the crypto market without having to purchase Ethereum directly. However, like any other investment, Ethereum ETFs also have certain advantages and challenges.

1. Benefits of Ethereum ETF Investment

• Accessibility: ETF Ethereum allows investors to invest in Ethereum through traditional investment platforms, without the need to use a crypto exchange or digital wallet.
• Regulations: ETFs are regulated by the SEC, providing a higher level of security and oversight compared to investing directly in crypto.
• Diversification: Ethereum ETFs can be part of a broader investment portfolio, helping to reduce risk.
• Information Availability: Investors can access market data, analysis and financial reports related to Ethereum ETFs more easily.
• Liquidity: ETFs generally have higher liquidity compared to individual cryptocurrencies, making it easier for investors to buy and sell ETF shares.

Read Also: Swell Ready to Launch rswETH Withdraw Function This Week!

2. Ethereum ETF Investment Challenges

• Cost: Ethereum ETFs are subject to management fees, which can reduce investment returns.
• Market Risk: The price of Ethereum is still very volatile, so the value of ETFs can also experience significant fluctuations.
• Price Gap: Sometimes, the price of an Ethereum ETF can differ from the actual price of Ethereum, which is known as a premium or discount.
• Lack of Control: ETF investors do not have direct ownership of Ethereum, and thus do not have full control over their assets.

Despite the challenges, Ethereum ETFs offer an easier and safer way for investors to participate in the crypto market. Before making an investment decision, it is important to conduct thorough research and consider personal investment goals.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.