Hey there, crypto enthusiasts! Let’s dive into our latest scoop on U.S. spot Ethereum ETFs—where we break down everything from who’s offering them to their trading fees..
Which issuers are offering spot Ethereum ETFs?
Eight issuers are currently offering spot Ethereum ETFs in the market. These include Grayscale, Franklin, VanEck, Bitwise, 21Shares, Fidelity, iShare, and Invesco Galaxy. Which are the same names we saw with the launch of the Bitcoin ETF, earlier this year.
What are the fee structures for these Ethereum ETFs?
The fee structures for these Ethereum ETFs vary:
• Grayscale Ethereum Mini Trust (NYSE: ETH): 0.15% post-waiver fee
• Franklin Ethereum ETF (CBOE: EZET): 0.19%
• VanEck Ethereum ETF (CBOE: ETHV): 0.20%
• Bitwise Ethereum ETF (NYSE: ETHW): 0.20%
• 21Shares Core Ethereum ETF (CBOE: CETH): 0.21%
• Fidelity Ethereum Fund (CBOE: FETH): 0.25%
• iShare Ethereum Trust (NASDAQ: ETHA): 0.25%
• Invesco Galaxy Ethereum ETF (CBOE: QETH): 0.25%
Which Ethereum ETF has the lowest fee?
The Ethereum ETF with the lowest fee is the Grayscale Ethereum Mini Trust (NYSE: ETH) with a 0.15% post-waiver fee.
Which Companies Are Leading in Ethereum ETF Volume?
Grayscale Investments, BlackRock, and Bitwise Asset Management are the early frontrunners in this new market. Specifically, the Grayscale Ethereum Trust led the group with about $148 million in trading volume after converting into an ETF, followed by BlackRock’s iShares Ethereum Trust, which posted approximately $71 million in trading volume.
How Does This Compare to Other Recent ETF Launches?
To put these numbers into perspective, BlackRock’s Manufacturing theme ETF, MADE, recorded only $300,000 in volume on its first day last week. In contrast, the Ethereum ETF named ETHA achieved nearly 100 times that amount in just its first 30 minutes on the market.
How Did the Ethereum ETFs Perform in the First 90 Minutes?
According to Bloomberg data, the first batch of U.S. spot ether ETFs crossed $360 million in trading volume within the first 90 minutes of trading. This volume significantly outpaces typical ETF launches and even approaches the high benchmarks set by earlier Bitcoin ETFs.
Large Ethereum Holders Selling Off Before the ETF Launch
Just days before the U.S. spot ETH ETF launch, large Ethereum holders, particularly those holding between 10,000-100,000 ETH, sold off approximately $626 million.
This activity, concentrated among long-term holders and those who had been holding for 6-12 months, suggests a strategic shift towards ETH ETFs. The main drivers behind this shift likely include the desire for regulatory oversight, tax benefits, and improved liquidity, which ETFs can provide. However many prefer not to sell the news and wait how the coming months will perform. Hopefully similar to Bitcoin’s price action after its ETF news and launch.
Where Can I See Live Charts of Ethereum ETF Flows?
For accurate and up-to-date information on Ethereum ETF inflows, you can refer to the “Ethereum ETF Flow Table (US$m)” provided by Farside Investors. This table is available on their website under the category “Ethereum ETF Flow.
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