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Nine Spot Ethereum ETFs Set to Begin Trading on July 23 with Management Fees

Jul 22, 2024, 12:35 PM

The cryptocurrency market is abuzz with anticipation as nine spot Ethereum ETFs are set to begin trading on July 23, 2024. The SEC has granted preliminary approval to several major financial institutions, including BlackRock, Franklin Templeton, and VanEck, for these ETFs. The New York Stock Exchange (NYSE) and Cboe have certified their approval for listing and registration of these ETFs, which include $ETH, $ETHE, $ETHW, $CETH, $FETH, $EZET, $QETH, and $ETHV. Analysts predict significant market movements, with expectations of strong inflows potentially driving the price of Ethereum higher. The launch of these ETFs marks a significant milestone for Ethereum and the broader cryptocurrency market, bringing it further into mainstream finance. These ETFs will have management fees, and no staking will be offered yet.