Eight asset management firms will launch their Ethereum spot exchange-traded funds (ETFs) for trading in the U.S. starting today. The U.S. Securities and Exchange Commission (SEC) approved the launch of the firms’ Ethereum spot ETF applications about two months ago.
The SEC granted permission for the S-1 registrations of eight companies, including 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco Galaxy.
For these eight companies to list and trade their Ethereum ETFs on the exchange, the SEC needed to approve the S-1 registrations, which have now been completed. Earlier in May, the SEC approved the 19b-4 forms for the eight asset management companies seeking to launch Ethereum spot ETFs.
The SEC indicated that products from at least two of the eight companies could begin trading on the 23rd. The start of Ethereum spot ETF trading will mark the second crypto asset ETF trading after Bitcoin.
Ophelia Snyder, co-founder and president of 21Shares, stated, “The launch of 21Shares’ Ethereum spot ETF trading will be a significant milestone for both the company and U.S. investors.”
Meanwhile, despite the SEC’s approval of Ethereum ETF trading, Ethereum prices have not significantly changed.
 for trading in the U.S. starting today.){kind=link}