Six months after Bitcoin ETFs were launched in January 2024, it is finally time for Ethereum ETFs to take the limelight. They have been given the green light to begin trading on 23 July 2024.
Remember the excitement when Bitcoin ETFs hit the market six months ago? If you’ve been itching to add some crypto flavour to your portfolio without the hassle of digital wallets and exchanges, this could be your golden ticket.
From big names like BlackRock and Fidelity to crypto-focused players like Bitwise and Grayscale, there is a buffet of options to choose from. With tempting fee waivers, it has never been easier to get a slice of the world’s second-largest cryptocurrency.
Fund issuers such as BlackRock, Fidelity, ARK and Bitwise are ready for launch day.
Eager to avoid a repeat of what happened with Bitcoin ETFs, Grayscale is hoping its strategy of deploying Ethereum Mini Trust will minimise outflows.
Below is the list of issuers for the respective Ethereum ETFs, and some of their websites have already been updated with information on the ETH ETFs.
Compared to Bitcoin, it is not as easy to convey what Ethereum is in a catchy one-liner.
The video below by BlackRock attempts to explain what exactly Ethereum is.
It would be interesting to see how traditional heavyweights such as BlackRock pitch these abstract digital assets to retail investors.
Webpages like these are a good starting point peppered with frequently asked questions aimed at educating.
Similar to what happened for Bitcoin ETFs, fee waivers are in place for most of the issuers in a bid to jostle for asset growth.
In particular, 7 out of 9 issuers have chosen Coinbase as their custodian, with the exception of Fidelity (themselves) and VanEck (Gemini).
The launch of Ethereum ETFs marks a significant milestone in the cryptocurrency investment landscape.
As these new financial products hit the market, investors now have more options to gain exposure to Ethereum without directly owning the cryptocurrency.
At the moment, staking is not enabled for ETH ETFs due to operational complexities and regulatory issues.
Nevertheless, I look forward to the day when ETH ETFs have staking enabled before I consider converting my ETH into them.
My Crypto Portfolio
Embarking on my crypto journey with a moonshot portfolio (high-risk, high-reward opportunities), I entered the world of digital assets in November 2017. As of 2020, I stopped adding fresh funds, opting to let my existing holdings ride the waves of the market. My portfolio consists of the following:
- Bitcoin and Ethereum, stalwarts of crypto — 70%
- Altcoins and Stablecoins, diversification and stability — 30%
More About Bitcoin & Ethereum ETFs
Don’t Miss These New Sign-Ups Promo Deals
Trust → SGD10 FairPrice Vouchers
MariBank → SGD10 Cash
Webull → SGD120 Voucher (or SGD400 Cash)
Tiger Brokers → SGD100 Voucher
Turtle Investor Readers → Freebies
Kevin started Turtle Investor when his net worth languished at negative $25,755. His desire to turn things around led him to build passive income from investments and side hustles that pay for his daily expenses and vacations. You can learn more about Kevin here.
