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Digital asset manager Grayscale has confirmed its two spot Ether exchange-traded funds (ETFs) have officially started trading on the NYSE Arca, marking a “milestone” moment for its investors and the wider ETF market.

The launch comes one day after the United States Securities and Exchange Commission (SEC) signed off on the final approval for spot Ether 
ETH

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$3,461

 ETFs, allowing several issuers to launch their products for trading. In a July 22 X post, Bloomberg analyst James Seyffart reported that the Grayscale Ethereum Trust (ETHE) had not yet received official effective documents from the SEC, but expected it to come on the morning of trading commencing. 

ETHE is currently the world’s largest Ether-based exchange-traded product, with $9.19 billion worth of ETH in its holdings. ETHE will charge investors a 2.5% management fee.