Latest authorisations follow January launches of first US spot bitcoin ETFs
The US Securities and Exchange Commission has approved the first spot ethereum exchange traded funds, another landmark for cryptocurrency advocates and investors following the debut of bitcoin ETFs earlier this year. The ether ETFs, including the conversion of a $9.3bn Grayscale Investments trust and new launches from bitcoin ETF giants BlackRock and Fidelity, gained approval from the SEC on Monday afternoon, with trading set to begin as early as Tuesday, according to fund sponsors.
There is a glaring exception in the pricing war: Grayscale Investments will keep in place the 2.5 per cent management fee for its large converted ethereum ETF while seeding a “mini” version with 10 per cent of the larger ETF’s assets. The smaller sibling is expected to have the lowest post-waiver fee of the initial ether ETFs at 0.15 per cent. Grayscale in January also kept the fee for its bitcoin ETF management fee at 1.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Euro 2024 latest: European giants poised for quarter-finals plus latest England newsBuild-up as Euro 2024's quarter-finals get under way on Friday with Spain v Germany and Portugal v France, plus the latest build-up to England v Switzerland on Saturday.
Read more »
Transfers, football news & England manager updatesAll the latest transfer news, football updates, plus the latest on England's manager search.
Read more »
Man City 'eye' £100m Man United transfer hijack as Julian Alvarez exit emergesLatest Manchester City transfer news and gossip including the latest on Joao Neves and Julian Alvarez
Read more »
Boom in active bond ETFs could put total inflows on track for $1tn yearFunds have been aided by retail interest, particularly among younger investors
Read more »
Tories ARE still in the fight…betting scandal is just a distraction, declares Health Sec...Never Mind The Ballots
Read more »
SEC’s Gary Gensler on his agenda: ‘If the courts adjust, we adjust’Top securities regulator says he is determined to keep advancing agency’s rulemaking despite pushback
Read more »