Spot exchange-traded funds (ETFs) on ether have begun trading on the Chicago Board Options Exchange (CBOE) and the New York Stock Exchange (NYSE Arca).

Among those approved to trade by the U.S. Securities and Exchange Commission (SEC) are 21Shares, Bitwise Asset Management, BlackRock, Invesco, Franklin Templeton, Fidelity Investments and VanEck. The list of companies does not include ProShares, which has not yet completed the final revisions to its S-1.

Stock tickers for funds:

  • ETHA: iShares Ethereum Trust ETF (BlackRock fund)

  • CETH: 21Shares Core Ethereum ETF

  • ETHW: Bitwise Ethereum ETF

  • FETH: Fidelity Ethereum Fund

  • EZET: Franklin Ethereum Trust

  • QETH: Invesco Galaxy Ethereum ETF

  • ETHV: VanEck Ethereum ETF

  • ETHE: Grayscale Ethereum Trust

  • ETH: Grayscale Ethereum Mini Trust

Bloomberg Intelligence senior analyst Eric Balchunas said that while staking and an in-kind redemption option are not included in the proposals, they could be introduced after the inauguration of the new US president.

Balchunas believes that ETH-ETFs will be able to attract $5 billion over the next twelve months. At the same time, experts at Wintermute predict that new exchange-traded products will be able to attract up to $4 billion within a year, and the Ether rate will increase from its current level by 24%.

Recall that the investment fund Grayscale transferred 292,000 ETH ($1 billion) to the Coinbase Prime exchange the day before the launch of the Ethereum ETF.

Previously, Valentin Fournier, an expert at the consulting company BRN statedthat the Ether rate will experience pressure from sellers after the start of trading in the ETH-ETF.