What is a spot ETH ETF: how does a spot Ethereum ETF work?

OKX Learn

Published on Dec 28, 2023

Updated on Sep 22, 2025

FAQs

While both spot ETFs are tracking the price of their respective cryptocurrencies, they're similar in that they're spot ETFs that'll hold actual ETH and BTC should the ETFs be approved. This will impact their overall price action as compared to futures ETFs, which deal with derivatives of the cryptocurrencies instead of the actual coin.

As with any crypto trade, this could definitely happen. Since the price of Ether is volatile, your ETH ETF shares can go down in value as the ETF is meant to track the price of ETH.

When comparing among the different ETH ETFs, it's key to consider factors like expense ratios, underlying ETH holdings, and assets under management.

Partially. The SEC approved issuers' 19b-4 filings on May 23, 2024, which marks a significant step towards full approval. However, the commission must now approve issuers' S-1 filings before they can start actively providing a spot ETH ETF to traders. It's not yet known when this second round of approvals will happen, but the industry expects that it could take weeks or months.

Yes, multiple spot ETH ETFs have been approved for trading as of 23 July, 2024. A total of nine Ethereum-based ETFs are made available for trading, with each spot ETH ETF having its own set fees and fee waiver durations.

Yes, you might find buying ETH more convenient if you're already a crypto native. In our opinion, the spot ETH ETF has a different target audience and makes it easier for TradFi traders to gain exposure to the Ethereum ecosystem.

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