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VanEck to Launch Ethereum ETF with 0.20% Fee

Web DeskJune 22, 2024 09:37 AMbusiness
  • VanEck to introduce ethereum ETF with low fee of 0.20 per cent
  • SEC approval opens doors for Nasdaq, CBOE, and NYSE to list ether ETFs
  • Investors can now access ethereum price movements through spot ETFs
VanEck to Launch Ethereum ETF with 0.20% FeeImage Credits: channelnewsasia
VanEck plans to launch an ethereum ETF with a 0.20% fee following SEC approval for ether ETFs by major exchanges. Stay updated on cryptocurrency market trends.

An investment management firm, VanEck, is gearing up to launch an exchange-traded fund (ETF) for ethereum, with a proposed fee of 0.20 per cent. This move comes after the U.S. Securities and Exchange Commission (SEC) recently gave the green light to Nasdaq, CBOE, and NYSE to list ETFs tied to the price of ether. These developments pave the way for the potential trading of these products later this year. Notably, nine issuers, including VanEck, ARK Investments/21Shares, and BlackRock, are eyeing the introduction of ETFs linked to the second-largest cryptocurrency, following the SEC's approval of bitcoin ETFs in January, marking a significant milestone for the industry.

A spot ethereum ETF presents investors with an opportunity to participate in the price movements of ethereum without the complexities and risks associated with directly owning the cryptocurrency.

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