The ETH Exchange Traded Funds are scheduled to become live on July 23, 2024, following the products’ final certification by U.S. regulators. The largest asset manager in the world, Blackrock, stated that the Ishares Ethereum Trust ETF (ETHA), which will offer a one-year fee waiver of 0.12% for the first $2.5 billion in assets under management (AUM), would start trading on Nasdaq on July 23, 2024. Eight spot Bitcoin ETFs, including two from Greyscale, are scheduled for public trading in addition to the Ishares Ethereum Trust.

Ethereum Trust (ETHE) by Greyscale will become a publicly traded fund, and the company will also launch Ethereum Mini Trust (ETH). On the same day, spot Ether ETFs will be introduced by asset managers Franklin Templeton, Vaneck, Bitwise, 21Shares, BlackRock, Invesco, and Fidelity.

According to Bitwise’s chief investment officer Matt Hougan, “we’ve now fully entered the ETF era of crypto.” “With affordable ETPs, investors can now access over 70% of the liquid cryptocurrency asset market.” According to Kyle DaCruz, Head of Digital Assets at VanEck, “we have long believed investors should have access to Ethereum exposure in a vehicle they find accessible and familiar—having been the first to file for an Ethereum ETF back in 2021.” “Ethereum is the open-source App Store and the gateway to exposure for the thousands of applications that will utilise blockchain technology, if Bitcoin is digital gold.”

Eight separate applications will now be authorised after the SEC granted three stock exchanges rapid permission to list and trade shares of Ether ETFs just over a month ago. Similar to a Bitcoin ETF, a spot Ethereum ETF allows investors to purchase shares that accurately reflect their value by having a fund manager manage the acquisition and storage of ETH digital currency. By market capitalisation, this exposes investors to the second-largest cryptocurrency.