Ethereum ETFs are officially trading! đ
- BitWise leads with $25.5M in the first 15 minutes, just behind Grayscale's Ethereum Trust.
- Total inflow into 9 Ethereum investment funds reached $112M, far exceeding expectations.
- Despite the good news, ETH price still dropped from $3,540 to $3,426, currently at $3,471.
Hot competition among ETF issuers:
- 21Shares is free for the first 6 months, then management fee is 0.21%.
- BlackRock reduces initial fees to 0.12%, increasing to 0.25% after 1 year or when reaching $2.5B AUM.
- Bitwise commits 10% of Ether profits to Ethereum development.
What do you think about the future of the Ethereum ETF? Comment below! đŹ
#Crypto#Ethereum#ETF#Blockchain #Finance
