New spot ETFs for Ethereum—which will let investors purchase the second most popular cryptocurrency in the form of stocks— are expected to begin trading on Tuesday, July 23. The Securities and Exchange Commission has green lit at least three funds to enter the market that day, sources told Reuters, although it’s believed that a total of eight Ethereum ETFs will launch simultaneously.
The instruments follow in the footsteps of the eleven trading spot Bitcoin ETFs. Having accumulated over $54 billion in assets under management since launching in January, Bitcoin has soared 47% this year. Here’s all you need to know about their Ethereum counterparts.
