US stock exchange supervision SEC approved Ethereum ETFs, Grayscale-Spot ether ETFs are introduced at the NYSE Arca

• US exchange supervision SEC approves Ethereum ETFs after years of regulatory process.
• Grayscale has launched two Spot ether ETFs at the NYSE Arca after approval by the SEC.
• The SEC also approved the Vaneck Ethereum ETF.

In a pioneering decision for the cryptocurrency investment area, the US stock exchange supervision SEC (Securities and Exchange Commission) granted the approval for stock exchange-traded funds (ETFS) of Grayscale and Vaneck Ethereum and thus the way for broader access to institutional and private investors to Ethereum (Eth) paved.

This step represents an important milestone in the regulatory landscape for digital assets in the United States.

"Communication to effectiveness" for the Vaneck Ethereum Etf

The Vaneck Ethereum ETF, which has been in the pipeline for over three years, received his “message about effectiveness” on July 22, 2024.

this official approval was preceded by a lengthy process of registrations and changes. These included the decisive registration form S-1 and the prospectus according to Rule 424 (B) (3), which have been changed several times to meet the compliance requirements of the SEC and to explain the structure and offer of the ETF in detail.

Vaneck's approval takes place in the course of a hectic development in the crypto ETF sector. Ether ETFs from Blackrock, Fidelity, 21shares, Bitwise, Franklin Templeton and Investco Galaxy were also approved for retail on Tuesday, July 23rd.

This development underlines the growing acceptance of investment products based on cryptocurrencies on the traditional financial markets.

Two Grayscale Ether Etfs are introduced according to the green light of the Sec on the NYSE Arca

While the majority of the submitted Ethereum ETFs were approved on July 22, the Ethereum ETFs from Grayscale remained inadequate until the morning of July 23 when they were approved.

Immediately after their admission, the two ether ETFs were introduced to the NYSE ACRA.

. They did the same for GBTC and waited until the morning of the start of the start of the start of the start of the start of the start of the start of the start of the start of the start of the start of the starts of the starts of the starts.

- Scott Johnsson (@sgjohnsson) 22. July 2024

The ETFs of Grayscale, the Grayscale Ethereum Trust (Ethhe) and the Grayscale Ethereum Mini Trust (ETH), began on July 23, 2024 with the trade.

the ETHE, which is currently the world's largest ether-based ETF with a wealth of $ 9.19 billion, will calculate an administrative fee of 2.5 %.

In contrast,

In contrast, the Ethereum Mini Trust in the first six months or until it has accumulated a fortune of $ 2 billion. Then there is a fee of 0.15 %. This makes it the cheapest spot-ether ETF that is available in the United States.

John Hoffman, Managing Director of Grayscale, emphasized the transformative potential of these ETFs and explained: "ETH and ethe will enable investors to use Ethereum's ability to create markets, redesign financial systems and drive innovations through decentralized finance (Defi) and other applications, and all without having to manage directly."

In preparation for the ETF introduction, Grayscale transferred Ether to Coinbase on July 22, worth over $ 1 billion. This transfer was of crucial importance to adapt the new product structure and to alleviate potential drains of existing investors.

In particular, Ethe owners receive the new ether-based product in a ratio of 1: 1 and thus avoid any effects on capital gains tax.

analysts predict that the approval of Ethereum-ETFs could boost the ETH price increase

The approval by the SEC and the subsequent introduction of these ETFs signal a growing acceptance of cryptocurrency plants in common financial products.

market analysts like James Seyffart from Bloomberg assume that these ETFs could attract considerable investment currents and potentially drive up the Ether Prize.

Some experts, such as Matt Hougan from Bitwise, predict that the price of ether could exceed its all -time high, and predict an increase to over $ 5,000 by the end of 2024.

At the time of going to the editor, Ethereum (ETH) was traded at $ 3,513.09, an increase compared to its low of $ 3,384 on July 19

The advent of this regulated Ethereum investment vehicle represents significant progress for the cryptocurrency market. It offers investors new possibilities and reflects a developing regulatory approach for digital assets.