Spot ethereum (ETH-USD) ETF's are making their trading debut on Tuesday following their approval by the Securities and Exchange Commission after the market close on Monday.

Yahoo Finance senior reporter Jennifer Schonberger highlights some of the ETFs that have begun trading, including Grayscale Ethereum Trust (ETHE), Invesco Galaxy Ethereum (QETH), and Fidelity Ethereum (FETH). The ETF's will directly invest in ether, the base currency of the ethereum network, while tracking this currency on a spot basis giving exposure to the price of the digital asset versus operating through futures.

To attract new investors, some ETF issuers are waiving management fees for the remainder of the year, with issuers hoping the asset could become a staple among 401(k), pension plans, and IRA funds.

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This post was written by John Lesinski