According to Eric Balchunas, Senior ETF Analyst for Bloomberg, the Ethereum ETF race has officially started with the first transfer from Grayscale's Ethereum Trust ($ETHE) to its new counterpart, $ETH. This new ETF is set to begin with $1 billion in assets and a category-low fee of just 15 basis points (bp).
Balchunas highlights that this introduces a new competitive variable not seen in the Bitcoin ETF race, potentially reshaping the market dynamics for Ethereum ETFs. The low fees and substantial initial assets position $ETH as a strong contender in the evolving landscape of Ethereum investment products.
