US spot ether ETFs make market debut in another win for crypto industry

FILE PHOTO: Representation of Ethereum, with its native cryptocurrency ether, is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -The first U.S. exchange-traded funds (ETFs) tied to the price of ether, the world's second-largest cryptocurrency after bitcoin, began trading on Tuesday, in another watershed event for the crypto industry's push to go mainstream.

Ether ETFs from VanEck, Franklin Templeton, Fidelity, 21Shares and Invesco began trading on Cboe, while one from BlackRock began trading on the Nasdaq. Products from Bitwise and Grayscale Investments also started trading on the New York Stock Exchange.