The US SEC approves spot ether ETFs from 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco Galaxy, which can now start trading

- Registration statements become effective on Monday for firms vying for a spot Ethereum exchange-traded fund, marking the final sign-off for those products to begin trading.

The Block 2024-07-23 Sarah Wynn

Discussion

@ericbalchunas Eric Balchunas on x
It's official: Spot Eth ETFs have been made effective by the SEC. The 424(b) forms are rolling in now, the last step = all systems go for tomorrow's 930am launch. Game on. [image]
@coinbase @coinbase on x
ETH ETFs have arrived. Today, the SEC approved 9 spot ETH ETF applications. Their much celebrated arrival marks another important milestone for crypto in expanding access to and diversifying our cryptoeconomy. Here's why 🧵 [image]
@bitwiseinvest @bitwiseinvest on x
Announcement: Today, the Bitwise Ethereum ETF (ETHW) became the first U.S. ETP to publish its Ethereum addresses and set ENS subnames for each address. 1.ethw.bitwise.eth -> 0xa15c...2A69 2.ethw.bitwise.eth -> 0xEd92...b4eF 3.ethw.bitwise.eth -> 0x3339...7cB5 4.ethw.bitwise.eth […
@bitwiseinvest @bitwiseinvest on x
Introducing ETHW—the Bitwise Ethereum ETF. - Fund invests directly in ETH - 0.20% management fee (0% for first six months / $500M) - Donates 10% of profits to Ethereum open-source developers* - Fund's Ethereum addresses public for transparency - Built by crypto specialists [image…
@nategeraci Nate Geraci on x
Press release from world's largest asset manager on spot eth ETFs... “Ethereum's appeal lies in its decentralized nature and its potential to drive digital transformation in finance and other industries.” [image]
@ericbalchunas Eric Balchunas on x
Eth ETF race has already begun w/ a transfer from $ETHE to its mini-me = $ETH gonna begin its life w/ $1b and a category-low 15bp fee. That's a new variable in this race that we didn't have in btc race.
@zguz Zack Guzmán on x
Exciting to see #Ethereum ETFs get approved to begin trading tomorrow 🎊 I continue to think people are underestimating the impact of 8 issuers pumping billions into scooping up an asset that is way less available than #Bitcoin
@iampaulgrewal @iampaulgrewal on x
History often happen gradually, then suddenly. Crypto is no exception. The approval of spot ETH ETFs today is yet another one of those moments. And it validates what we've been saying for years: ETH is not a security.
@zackvoell Zack Voell on x
if you told me five years ago that the SEC was going to approve an ETF for Ethereum, I would never have guessed the market would respond by pushing the price down 2%

Chronicles

The US SEC approves spot ether ETFs from 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco Galaxy, which can now start trading

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