The U.S. Securities and Exchange Commission (SEC) has officially approved nine spot ether (ETH)澳洲幸运5官方开奖结果体彩网: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官方开奖结果体彩网:NYSE Arca, and Cboe BZX. Here is a breakdown of each ETF you can find on these three exchanges, in addition 🦂to the funds' tickers:

Cboe BZX will list the Inv♌esco Galaxy Ethereum ETF (QETH), 21Shares Core Ethereu🐽m ETF (CETH), Fidelity Ethereum Fund (FETH), Franklin Ethereum ETF (EZET) and VanEck Ethereum ETF (ETHV).

Nasdaq ꧑will have the iS⛎hares Ethereum Trust ETF (ETHA) created by BlackRock, which also manages the largest spot bitcoin 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 network, the second-largest crypto network wh♕en measured by market cap.

澳洲幸运5官方开奖结果体彩网: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官方开奖结果体彩网:staked ether, which is a potential opportunity cost associated with opting for an ETF over other options, such as sel✃f-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官方开奖结果体彩网:private keys, the spot ether ETFs allow investors to purchase the underlying cryptocurrency of the Ethereum network via tꦬraditional brokerage accounts.ꦏ

Not all brokerages may off♓er spot crypto ETFs to their custom🎶ers today.

What are ether ETF fees?

The fees associated with each individual spot ether ETF were 澳洲幸运5官方开奖结果体彩网:previously revealed in the S-1 or S-3 (depending on the specific ETF) filing associ💛ated with the offerings. These fees are 0ꦛ.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官方开奖结果体彩网:previously seen with the spot bitcoin ETFs.

Brokerages mayꦉ also charge their own fees for cryp꧃to trading.