The Securities and Exchange Commission (SEC) has approved spot Ethereum exchange-traded funds (ETFs) to begin trading in the United States on July 23, 2024. This decision follows the approval of S-1 registration statements on July 22, allowing ETFs from prominent financial institutions like BlackRock, Fidelity, and Grayscale to be listed on major stock exchanges.
Among the approved ETFs, the BlackRock-issued iShares Ethereum Trust and the Grayscale Ethereum Trust will be listed on Nasdaq and NYSE Arca, respectively. The ETFs will offer competitive base fees ranging from 0.15% to 0.25%, with some issuers waiving fees initially or until specific asset thresholds are met.
Market analysts anticipate that spot Ethereum ETFs could capture 10% to 20% of the investment flows seen by spot Bitcoin ETFs. Initial market analysis suggests ETH ETF inflows could range between $3 billion and $4.8 billion in the first five months post-launch, potentially exceeding JPMorgan's $3 billion forecast for the entire year.
Following the SEC approval of ETH spot ETFs, analysts started speculating on Ethereum's price movements. Expectations and bets indicate positive sentiment, with one analyst suggesting that it is time to propel $ETH into significant value increments.
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