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The ability to trade spot Ethereum ETFs makes it easy and cheap for traders to take a stake in the digital currency at their usual broker without needing a specialized account at a crypto exchange ...
Ethereum is gaining significant traction in the cryptocurrency market, particularly in the context of exchange-traded funds (ETFs). For the first time, Ethereum ETFs have surpassed Bitcoin ETFs in daily inflows, with a historic record of $332.9 million on November 29, 2024, compared to Bitcoin's $320 million.
New spot ETFs for Ethereum—which will let investors purchase the second most popular cryptocurrency in the form of stocks— are expected to begin trading on Tuesday, July 23. The Securities and ...
In other words, the fees on these new ETFs are so low (0.25%) that it's cheaper to buy and hold the ETFs than it is to buy the same amount of Ethereum directly in the crypto market.
In late May 2024, the Securities and Exchange Commission (SEC) moved the spot Ethereum ETF applications into the next stage of deliberation, opening the door for the funds to begin trading as soon ...
On October 2, 2023, ProShares launched 3 Ethereum Futures ETFs in the US, becoming one of the first companies to launch an Ethereum ETF in US history. [9] References
The ProShares Ether Strategy ETF is the first crypto ETF that aims to track the price movements of ether (ethereum). It does this by holding monthly ether futures contracts. It does this by ...
Following the Securities and Exchange Commission's approval of Spot Ethereum exchange-traded funds (ETFs) in May, these began trading on July 23. This comes on the heels of spot Bitcoin ETFs being...