The U.S. Securities and Exchange Commission (SEC) has officially approved nine spot ether (ETH)澳洲幸运5开奖号码历史查询:exchange-traded funds (ETFs) for trading on U.S. exchanges. Trading for these new crypto investment vehicles will begin today. Here'♛s everything you need to know.

Which new ether ETFs start trading today?

The spot ether ETFs that begin trading today can be found on Nasdaq, 澳洲幸运5开奖号码历史查询:NYSE Arca, and Cboe BZX. Here is a breakdown of each ETF you can🏅 find on these three exchanges, in addition to the funds' t🐼ickers:

Cboe BZX will list the Invesco Galaxy Ethereum ETF (QETH), 21S꧒hares Core Ethereum ETF (CETH), Fidelity Ethereum Fund (FETH), Franklin Ethereum ETF (EZET) and VanEck Ethereum ETF (ꦿETHV).

Nasdaq will have the iShares Ethereum Trust ETF (ETHA) created by BlackRock, which also manages the largesꦛt spot bitcoinဣ ETF under the IBIT ticker.

NYSE Arca will list the Bitwise Ethereum ETF (ETHW), and Grayscale Ethereum Trust (ETHE). Grayscale's Ethereum Mini Trust (ETH), which will also begin trading on the same exchange.

How does an ether ETF work?

The spot ether ETFs are intended to offer exposure to the price of the ether held by the funds. Ether is the underlying cryptocurrency of the Ethereum net꧒work, the second-largest crypto network when measured by market cap.

澳洲幸运5开奖号码历史查询:Buyers of the ETFs are purchasing shares of funds that hold ether on behalf of their shareholders. Different spot ether ETFs use different sources of data when it comes to pricing ether. The Grayscale Ethereum Trust, for one, uses the CoinDesk Ether Price Index.

None of the ETFs that will be launched today involve 澳洲幸运5开奖号码历史查询:staked ether, which is a potential opportunity cost associated with opting for an ETF over other options, such as self-custody or a traditional♋ crypto exchange.

Staking ether currently has an annual return of 3.32%, according to the Compass Staking Yield Reference Index Ethereum. However, it's possible the SEC will eventually approve the staking of ether held by ETFs.

How can I trade ether ETFs?

ETFs can simplify investors' trading process. In the case of crypto, instead of taking full self-custody of ether and taking care of one's own 澳洲幸运5开奖号码历史查询:private keys, the spot ether ET𝕴Fs allow investors to purchase the underlying cryptocurrency of the Ethereum network via traditional brokerage accounts.

Not ♈all brokerages may offer spot crypto ETFs to their customers today.🐲

What are ether ETF fees?

The fees associated with each individual spot ether ETF were 澳洲幸运5开奖号码历史查询:previously revealed in the S-1 or S-3 (depending on the spec🥂ific ETF) filing associated with the offerings. These fees are 0.25% or lower for♛ all but one.

The Grayscale Ethereum Trust, which is being converted to an ETF, has a 2.5% fee. The Grayscale Mini Ethereum Trust has the lowest fee rate at 0.15%. These fees are charged on an annual basis for the provider's management of the fund and are in line with what was 澳洲幸运5开奖号码历史查询:previously seen with the spot bitcoin ETFs.

Broke🌞rages may also 𒅌charge their own fees for crypto trading.