The Spot Ethereum ETFs finally launched on July 23 following a green light from the US Securities and Exchange Commission (SEC).
This marked a significant moment for crypto and ETFSwap (ETFS) specifically, considering how it is set to become the leading platform for investing in these Spot Ethereum ETFs.
Nine Spot Ethereum ETFs Begin Trading Following SEC Approval
Nine Spot Ethereum ETFs began trading on July 23 following the SEC’s approval. On July 22, the SEC approved the final S-1 applications of the Spot ETH ETF issuers, thereby paving the way for these funds to begin trading the next day. The nine Spot Ethereum ETFs that have begun trading include funds by BlackRock, Grayscale, VanEck, Bitwise, 21Shares, Franklin Templeton, Fidelity, and one by Invesco and Galaxy Digital.
It is worth mentioning that Grayscale is offering two Spot Ethereum ETFs. The SEC approved Grayscale’s application to convert its Ethereum Trust (ETHE) to a Spot ETH ETF and its other application to offer the Ethereum Mini Trust (ETH). Interestingly, Grayscale’s Spot Ethereum ETFs boast the most expensive and cheapest fees. ETHE and ETH have a 2.5% and 0.15% management fee, respectively.
These nine Spot Ethereum ETFs had to wait an extra two months to begin trading, considering that the SEC had approved the 19b-4 filings in May, which allowed these funds to be listed and traded on exchanges. However, fund issuers needed the SEC to approve their S-1 filings before they could begin trading, which the Commission finally did on July 22.
ETFSwap (ETFS) Is The Best Place To Trade These Spot Ethereum ETFs
ETFSwap (ETFS) will emerge as the go-to platform for trading these Spot Ethereum ETFs. The decentralized trading platform is set to launch its beta platform on which these TH ETFs will be tokenized and made available for on-chain trading. ETFSwap will witness an influx of Spot ETH ETF investors because it is easier and more convenient to invest in these funds on the decentralized finance (DeF) platform than on centralized trading platforms.
ETFSwap’s decentralized nature means inventors can access these traditional assets without authorization. The trading platform’s Know-Your-Customer (KYC) requirements are also non-mandatory, allowing investors to start investing instantly. The DeFi platform is redefining ETF trading and isn’t just about accessibility.
ETFSwap (ETFS) also offers investors more opportunities to maximize their ETF investments. For instance, the platform offers leverage trading for ETFs, allowing users to use up to 50x leverage on each ETF trade. Investors can also hold derivative contracts of these ETFs, allowing them to bet on the future prices of these assets without authorization.
ETFSwap (ETFS) offers 24/7 market coverage for these ETFs, meaning that investors can buy, sell, and trade these assets anytime. The trading platform is a market maker, providing investors and traders ample liquidity to settle their trades at the best price possible. The DeFi platform is built on Ethereum, allowing users to tap into the network’s unparalleled liquidity.
The DeFi platform also stands out from centralized trading platforms because investors will have access to crypto assets and commodities on the platform. Users can also stake their crypto assets, a feature which will come in handy for Spot TH ETF investors looking still to enjoy yields from the Ethereum (ETH) ecosystem since these funds do not have staking plans.
ETFSwap (ETFS) is primed for immense success, especially with such an experienced team. Solidproof recently verified and certified the team, having met all the verification requirements. This development has further boosted investors’ confidence as they move to purchase the platform’s native ETFS token ahead of the beta launch.
Conclusion
ETFSwap (ETFS) is undoubtedly the best platform for trading Spot Ethereum ETFs and will also become the go-to platform for other crypto ETFs like the Spot Solana ETFs once the SEC approves them. Ahead of then, it is best to purchase the ETFSwap (ETFS) token now at its affordable price of $0.0183, given the increased demand it will enjoy when that time comes.
For more information about the ETFS Crypto Presale:
- Visit ETFSwap Presale
- Join The ETFSwap Community
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
