TechFlow news: Grayscale's two spot Ethereum ETFs have officially begun trading on the New York Stock Exchange. The Grayscale Ethereum Trust (ETHE) holds $9.19 billion worth of ETH with a management fee of 2.5%, while the Grayscale Ethereum Mini Trust (ETH) offers a zero-fee promotional period initially, followed by a 0.15% fee—the lowest in the U.S.
Ethereum ETFs from BlackRock, Fidelity, and other institutions were also approved for trading simultaneously. Analysts expect capital inflows into spot Ethereum ETFs to reach 10% to 20% of those seen in Bitcoin ETFs. Bitwise's Chief Investment Officer forecasts Ethereum's price will surpass $5,000 by the end of 2024.
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