Grayscale’s Spot Ether ETFs Begin Trading on NYSE Arca, Marking Major Milestone in ETF Market

Digital asset manager Grayscale has announced that its two spot Ether exchange-traded funds (ETFs) have begun trading on the NYSE Arca. This marks a significant “milestone” for investors and the broader ETF market. The launch followed the United States Securities and Exchange Commission (SEC) granting final approval for spot Ether ETFs, paving the way for various issuers to start trading their products. Bloomberg analyst James Seyffart noted on July 22 that while the Grayscale Ethereum Trust (ETHE) hadn’t yet received official SEC documents, they were expected by the morning of the first trading day. ETHE, currently the world’s largest Ether-based