Spot Ether $ETH exchange-traded funds (ETFs) have received final approval to begin trading in the United States on July 23. This approval is expected to bring billions of dollars into the Ethereum ecosystem.

The U.S. Securities and Exchange Commission (SEC) approved the final S-1 registration statements on July 22, paving the way for their launch on various stock exchanges, including Nasdaq, New York Stock Exchange (NYSE), and Chicago Board Options Exchange (CBOE). The BlackRock-issued iShares Ethereum Trust will be listed on Nasdaq, while the Grayscale Ethereum Trust will be listed on the NYSE.

All spot Ether ETFs, except the Grayscale Ethereum Trust, will offer a base fee ranging from 0.15% to 0.25%. However, several issuers, including Fidelity, 21Shares, Bitwise, Franklin, and VanEck, will waive fees for their spot Ether ETFs until a specific time period elapses or their products reach a certain net asset value. The Grayscale Ethereum Mini Trust will also waive fees for the first six months or until it reaches $2 billion in net assets.

This development is significant for the cryptocurrency market and underscores the growing interest in Ethereum as an investment vehicle.