U.S. investors will be able to purchase ether through spot exchange-traded funds from today on the Nasdaq, the Chicago Board Options Exchange (CBOE), and the New York Stock Exchange. However, Hashkey Capital Liquid Fund Partner Jupiter Zheng has highlighted a short-term concern among investors over Grayscale Ethereum Trust's high fees, which could trigger a short-term market downturn.

"There could be a pushback a little while after the launch of Ethereum spot ETFs, that is outflows from the Grayscale Ether Trust may dampen market sentiment in the short while, like the bitcoin ETFs, investors may shift their funds to options with lower fees," Zheng said in an email sent to The Block.

The Grayscale Ethereum Trust ETF (ETHE) is a conversion from the original Grayscale Ethereum Trust. It …