Grayscale, the famous digital asset manager, has officially launched two $ETH exchange-traded funds (ETFs) on the NYSE Arca 🚀. This event marks a significant milestone for investors and the ETF market in general 🎉. The launch follows the US Securities and Exchange Commission's (SEC) final approval for spot Ether ETFs ✅, allowing several issuers to launch their products for trading 📈. The Grayscale Ethereum Trust (ETHE), the world's largest Ether-based exchange-traded product 🌍, has $9.19 billion on $ETH 💰 and charges a 2.5% management fee 📊. The second product, the Grayscale Ethereum Mini Trust, has waived fees for the first six months or until it reaches $2 billion in net assets 🆓, at which point a 0.15% fee will apply, making it the spot Ether ETF cheapest in USA 💸. John Hoffman, CEO of Grayscale, highlighted that these ETFs will allow investors to invest in the potential of Ethereum without needing to purchase, store or manage Ethereum directly 💎. Other issuers, such as BlackRock, Fidelity, and VanEck, have also received approval to begin trading spot Ether ETFs 📜.
![Grayscale's spot Ether ETFs launch on NYSE Arca]