The U.S. Securities and Exchange Commission (SEC) has greenlit the nation's first Ethereum spot Exchange-Traded Funds (ETFs), set to debut on Tuesday, July 23. This milestone follows six months after Bitcoin spot ETFs launched, making Ethereum the second cryptocurrency with SEC-approved ETF offerings.
Approved Ethereum Spot ETFs
SEC authorized eight Ethereum spot ETFs from prominent firms, plus Grayscale's conversion of its existing trust:
- 21Shares Core Ethereum ETF (CETH)
- Grayscale Ethereum Mini Trust (ETH)
- iShares Ethereum Trust (ETHA)
- Franklin Ethereum ETF (EZET)
- VanEck Ethereum ETF (ETHV)
- Bitwise Ethereum ETF (ETHW)
- Fidelity Ethereum Fund (FETH)
- Invesco Galaxy Ethereum ETF (QETH)
- Grayscale Ethereum Trust (ETHE) conversion
👉 Discover how ETH ETFs could reshape crypto investments
First Wave: 5 ETFs Launch on Cboe Today
Chicago Board Options Exchange (Cboe) will debut these five ETFs initially:
- 21Shares Core Ethereum ETF (CETH)
- VanEck Ethereum ETF (ETHV)
- Franklin Ethereum ETF (EZET)
- Fidelity Ethereum Fund (FETH)
- Invesco Galaxy Ethereum ETF (QETH)
Remaining ETFs are expected on NASDAQ/NYSE Arca shortly.
Ethereum Spot ETF Fee Structure
| ETF Name | Ticker | Standard Fee | Promotional Fee | Promo Period | AUM Cap |
|---|---|---|---|---|---|
| Grayscale Mini Trust | ETH | 0.15% | 0% | 6 months | $2B |
| Franklin Ethereum ETF | EZET | 0.19% | 0% | Until Jan 2025 | $10B |
| VanEck Ethereum ETF | ETHV | 0.20% | 0% | 1 year | $1.5B |
| Bitwise Ethereum ETF | ETHW | 0.20% | 0% | 6 months | $500M |
| 21Shares Core ETF | CETH | 0.21% | 0% | 6 months | $500M |
| Fidelity Ethereum Fund | FETH | 0.25% | 0% | Until Dec 2024 | Unlimited |
| iShares Ethereum Trust | ETHA | 0.25% | 0.12% | 12 months | $2.5B |
| Grayscale Trust* | ETHE | 2.50% | 2.50% | N/A | N/A |
*Grayscale's legacy fund maintains higher fees despite spin-off benefits.
Key Takeaways
- Low-Cost Options: 6 ETFs offer 0% fees during promotional periods (up to 1 year)
- Competitive Landscape: Most funds charge 0.15%-0.25% post-promotion
- Outlier: Grayscale's ETHE remains at 2.5%, though its Mini Trust (ETH) provides cheaper exposure
Ethereum currently trades at $3,455 (-1.1% 24h).
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FAQ: Ethereum Spot ETFs Explained
Q: How do Ethereum ETFs differ from Bitcoin ETFs?
A: They track ETH's price rather than BTC, with similar structures but distinct volatility patterns.
Q: When will all ETFs be available?
A: Cboe's 5 launch today; others expected within days across multiple exchanges.
Q: Why choose an ETF over direct ETH ownership?
A: ETFs offer regulated exposure without wallet management or security concerns.
Q: Which ETF has the longest fee waiver?
A: Franklin's EZET (0% until Jan 2025) and VanEck's ETHV (0% for 1 year).
Q: Is Grayscale's ETHE worth its 2.5% fee?
A: Typically no—investors may prefer its 0.15% Mini Trust (ETH) spin-off.
Q: Can international investors access these ETFs?
A: Yes, through U.S. brokerage accounts supporting OTC/listed securities.