This article covers the properties of all the Spot Ethereum ETFs approved in the US, and why ETFSwap (ETFS) is the best platform for trading these funds to turn a profit on the new assets.
ETFSwap (ETFS) Is The Best Platform For Trading Spot Ethereum ETFs
The following features offer a taste of the ETFSwap (ETFS) platform’s advantage for trading Spot Ethereum ETFs:
Reliable Guidance
The platform fully equips users to choose the best investment vehicles with its AI-powered ETF Screener and ETF Tracker. Both tools leverage artificial intelligence to analyze large amounts of market data and identify trends and patterns to extract insights that assist traders in choosing worthwhile investments.
Market-making Expertise
Advanced market-making algorithms and expertise help ETFSwap (ETFS) ensure traders always have optimal liquidity. All buy and sell orders are executed at the best possible prices by minimizing slippage and ensuring tight spreads. Thus, trading on the platform is as efficient as it gets.
Security And Efficient Risk Management
ETFSwap (ETFS) goes above and beyond to ensure users have complete assurance in their investment’s safety and security. The platform provides 24/7 market coverage and access to allow traders to respond swiftly and efficiently to changes in market conditions.
The ETFSwap (ETFS) team also completed KYC verification by SolidProof on July 10th, reinforcing investors’ confidence that they are not dealing with fraudsters.
These Are All The Spot Ethereum ETFs Approved By The SEC For Trading
BlackRock’s iShares Ethereum Trust
BlackRock filed its Spot Ethereum ETF application before the SEC in November 2023. BlackRock is the biggest investment firm in the world with over $10 trillion in AUM and $17.86 billion in revenue. At the time of writing, BlackRock’s iShares Bitcoin Trust is the largest Bitcoin ETF in the world.
BlackRock has revealed it will charge 0.25% for its Spot Ethereum ETFs.
Grayscale ETH ETF
Grayscale applied with the SEC in October 2023 to convert its closed-end fund to a Spot ETH ETF, similar to what it did to its Bitcoin Trust in January. Bizarrely, Grayscale set its fees to 2.5%, significantly higher than all the other issuers.
21Shares Core ETH ETF
Originally a joint endeavor between 21Shares and tech investment management firm, ARK Invest, 21Shares took full responsibility for the ETF when ARK Invest pulled out of the enterprise in May. Meanwhile, Coinbase is still on as custodian. 21Shares has disclosed the fee for its ETF to be 0.21% in its final S-1 forms.
Fidelity ETH Fund
Fidelity first joined the ranks of proposed Spot Ethereum ETF issuers in November 2023 when Cboe filed a 19b-4 form on its behalf. The financial services firm has now filed its final S-1 forms with the SEC, disclosing its 0.2% sponsorship fees.
VanEck ETH ETF
VanEck first filed its proposal for Spot Ethereum ETFs in 2021 before abruptly pulling the application and reapplying in September 2023. VanEck has declared in its latest S-1 filings it will charge a 0.2% fee for its Spot Ethereum ETFs.
Franklin ETH ETF
Franklin Templeton joined the Spot Ethereum ETFs race in February. The Wall Street giant was the first to set and announce its ETF fees at 0.19%, triggering an ETF fees battle.
Invesco Galaxy Ethereum ETF
Asset management duo Invesco and Galaxy Digital partnered to submit a proposal to the SEC in November 2023. Invesco is the ETF’s sponsor while Galaxy Digital will be its execution agent. The firms submitted their final S-1 forms on July 17th, revealing they would charge 0.2% for their ETF.
Bitwise Ethereum Trust
Investment giants, Bitwise, officially joined the Spot Ethereum ETFs race with its S-1 filing in March. The firm’s final S-1 forms submission reveals it will charge 0.2% for its Bitwise ETH Trust.
Conclusion
ETFSwap’s commitment to innovation in the DeFi space is reflected in the platform’s plans to launch its ETF in 2025. Till then, join the winning team by signing up on the website and buying the ETFSwap (ETFS) presale.
Use the promo code “ETFS50” to apply a 50% bonus to your purchase.
For more information about the ETFS Presale:
Also Read: Crypto And Stock Market Headed For A Crash, How To Avoid The Bloodbath
Disclaimer and Risk Warning
This article is a sponsored press release meant solely for informational purposes. OvenAdd neither endorses nor takes responsibility for the content, quality, products, advertising, or accuracy of any materials within this article. The views expressed do not represent those of OvenAdd and should not be considered legal, tax, investment, or financial advice. Readers are advised to conduct their own research before making any significant decisions.
