It looks like this time it’s actually happening! According to various analysts on X (formerly Twitter), all obstacles have finally been cleared. Next Tuesday, a total of 10 Ethereum ETFs are set to launch.
Several Ethereum ETFs Waive Initial Fees
Notably, the exchange-traded Ether funds come with low fees. Investors in 7 of the 10 ETFs launching on July 23 won't have to pay any initial fees. The annual costs for all upcoming ETFs range between 0.19% and 0.25% per annum. These low fees could lead to extremely high net inflows in the first year.
The potential inflows have been a topic among analysts for some time, with various predictions estimating up to $100 billion in the first 12 months. This would make the exchange-traded Ether funds as successful as the Bitcoin spot ETFs, which have collectively amassed around $80 billion since their launch. Such high inflows could drive Ethereum to new highs and positively impact the entire market.
Are Multichain Coins the Future of the Crypto Market?
Many cryptocurrencies and meme coins have a significant weakness: they can often only be traded on a specific blockchain, complicating transactions across different wallets. This is where Base Dawgz’s strengths come into play. The meme coin features a multichain function, meaning it can be traded and transferred across multiple blockchains, including Ethereum, Solana, Avax, Base, and the Binance Smart Chain. This ensures cheap, simple, and fast transactions.
