07.23.24

Ether ETFs Officially Begin Trading in U.S.

by: Jesse Pound

Ether exchange-traded funds (ETFs) officially began trading in the United States on Tuesday, with offerings from BlackRock, Fidelity Investments and Grayscale, marking another step in the increased integration of digital assets into mainstream finance. Ether is the native cryptocurrency on the ethereum blockchain and is seen as bet on the growth of the blockchain and crypto more broadly that bitcoin, which is seen as a type of digital gold. “Ethereum’s appeal lies in its decentralized nature and its potential to drive digital transformation in finance and other industries,” said Jay Jacobs, U.S. head of active and thematic ETFs at BlackRock. Many of the funds set to launch have temporary fee waivers to attract clients. After the waivers, the management fees range from 0.15% to 2.5%.

Read the full article on CNBC