Nine ETFs that hold ETH directly began trading on US exchanges Tuesday, marking another crypto investment milestone just half a year after the country’s debut of spot BTC funds. 

Investors can choose between ETH products by BlackRock, Fidelity, Grayscale, VanEck, Bitwise, 21Shares and Franklin Templeton, as well as one by Invesco and Galaxy Digital. Each ETF is available on either the Cboe, NYSE Arca or Nasdaq exchanges.

Grayscale has two spot ETH offerings: its Ethereum Trust (ETHE) and Mini Ethereum Trust (ETH), with fees of 2.5% and 0.15%, respectively. The latter ETF will start with roughly $1 billion in assets, given its design to receive 10% of the current assets in ETHE. The…

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