The Ethereum spot ETF was approved by the SEC to be listed for trading tonight! However, the price of the currency did not rise but fell below $3,450.

This site (120bTC.coM): Bloomberg ETF analyst Eric Balchunas posted on Listed for trading, in line with previous market expectations.

“Official: The Ethereum Spot ETF has been validated by the SEC. Forms 424(b) are now arriving, final step = all systems will be live tomorrow at 930am. Game on.”

The largest cryptocurrency in the United States Exchange Coinbase also said: Today the U.S. Securities and Exchange Commission (SEC) approved applications for nine spot Ethereum ETFs, marking another important milestone for cryptocurrency and reflecting the continued innovation and increasingly mature regulatory environment surrounding crypto assets.

At the same time, Coinbase also announced that it will be a trusted partner and custodian of 8 newly approved Ethereum spot ETFs.

Ethereum did not rise but fell instead

However, the milestone passed by the Ethereum spot ETF does not seem to have a boosting effect on ETH. After the news was exposed, it fell to $3,422 in the early morning. Before the time of writing, it had slightly recovered to trade at $3,460.

Whether it will fall first and then rise like the Bitcoin spot ETF passed at that time is worthy of our continued attention.

The fees of 9 Ethereum spot ETFs are released

The fee information of Ethereum spot ETF, according to the data table compiled by Bloomberg ETF analyst James Seyffart:

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

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

• Bitwise: ETHW, 0.20% fee ( 0% for the first $500 million or the first 6 months)

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

• VanEck: code ETHV, fee 0.20% (0% for first $1.5 billion or 12 months)

• Invescox Galaxy: code QETH, fee 0.25%

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

• Grayscale Ethereum Spot ETF: code ETHE, fee is 2.50%

• Grayscale Ethereum Spot Mini ETF: code ETH, fee is 0.25% from the table below Down to 0.15% (0.12% for first $2 billion or first 12 months)

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