SEC approves Grayscale and ProShares Ethereum spot ETFs to be traded on NYSE Arca! Launched simultaneously on 7/23

This site (120bTC.coM): When the Ethereum spot ETF will be listed has become the focus of most attention among crypto investors recently. Just earlier today (18th), documents disclosed by the U.S. Securities and Exchange Commission (SEC) on its official website showed that the SEC approved the 19b-4 documents (changes in trading rules) for two more Ethereum spot ETFs this morning.

They are: Grayscale Ethereum Mini Trust and ProShares’ Ethereum spot ETF, which have been approved to be listed on the Arca electronic trading platform of the New York Stock Exchange (NYSE).

However, before they are officially listed, they, like other 8 Ethereum spot ETFs that have previously been approved for 19b-4 documents, still have to wait for another key S-1 document (registration statement) to be approved by the SEC. Officially traded on the exchange.

Bloomberg Analyst: All Ethereum spot ETFs are expected to be launched at the same time next week

In response, Bloomberg ETF analyst James Seyffart expects these two ETFs to be launched at the same time as all other ETFs next week.

"This is a 19b-4 approval, which all other issuers already have, it just means that Grayscale Ether Mini Trust and Proshares Ether ETF will most likely launch at the same time as other funds. Signing of S-1 documents is still required, currently Not yet, expected next week.”

Earlier this week, Bloomberg’s senior ETF analysts and people familiar with the matter broke the news that the SEC has notified potential issuers that the Ethereum spot ETF will be approved and effective next Monday. It will be officially launched on the 23rd.

The fees of 9 Ethereum spot ETFs are released

At present, except for ProShares, the fees of other nine ETFs have been announced, and 7 of the 10 funds enjoy fee reductions.

According to the data table compiled by Seyffart:

• BlackRock: code ETHA, fee is 0.25% (0.12% for the first 2.5 billion US dollars or the first 12 months)

• Fidelity: code FETH , the fee is 0.25% (0% in 2024)

• Bitwise: code ETHW, the fee is 0.20% (0% for the first 500 million US dollars or the first 6 months)

• 21Shares: code GETH, the fee is 0.21% (0% for the first $500 million or the first 6 months)

• VanEck: Code ETHV, fee 0.20% (0% for the first 1.5 billion USD or the first 12 months)

• Invescox Galaxy: Code QETH, fee 0.25%

• Franklin: code EZET, fee 0.19% (0% before January 31, 2025 or the first 10 billion US dollars),

• Grayscale Ethereum spot ETF: code ETHE, Fees are 2.50%

• Grayscale Ethereum Spot Mini ETF: Symbol ETH, Fees are 0.25% (0.12% for first $2 billion or first 12 months)

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