Ethereum
Cboe Confirms Commercial Launch of 5 Ethereum Spot ETFs on July 23
THE Chicago Board of Directors Options Exchange (Cboe) has issued listing notices for five new spots Ethereum The exchange-traded funds (ETFs) are expected to begin trading on July 23, confirming reports earlier this week.
THE notifications specify that the funds are awaiting final regulatory approval. The five ETFs are 21Shares’ CETH, Faithfulness FETH, Franklin Templeton EZET, Invesco’s QETH and VanEck ETHV.
Each ETF will be listed on Cboe’s BZX exchange and quoted on the SIAC Tape B data feed.
Bloomberg Senior ETF Analyst Eric Balchunas reported on July 15 that the SEC had asked issuers to submit final amendments in anticipation of a commercial launch next week.
Sources told Balchunas that the regulator would give the final green light on July 22, paving the way for a commercial launch on Tuesday. The issuers then filed amended S-1 forms on July 18. revealing the latest details for their funds, including sponsorship fees.
The introduction of these ETFs is expected to improve the liquidity and depth of the Ethereum market. Analysts predict that the ETFs will attract a wide range of institutional investors who have been cautious about investing directly in cryptocurrencies due to regulatory uncertainties.
ETFs are expected to pave the way for further institutional adoption, which could lead to higher Ethereum prices. Some analysts predict that the token climb above $5000.
The launch of these ETFs could mark the beginning of a broader trend of integrating digital assets into traditional financial products. The SEC’s decision could prompt other jurisdictions to follow suit, potentially leading to a global expansion of crypto ETFs.
Some companies have already started working on ETFs tied to other major cryptocurrencies like Solana and Injective. However, some experts believe that the lack of a regulated futures market for these tokens could be a challenge in getting approval.
Ethereum was trading at $3,515 at press time, up 2.2% in the past 24 hours, according to data from CryptoSlate.
Bitcoin Market Data
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Author 
Assad Jafri
Editor and journalist at CryptoSlate
AJ, a passionate journalist since the 2011 Arab Spring in Yemen, has honed his skills around the world for over a decade. Specializing in financial journalism, he now focuses on reporting on cryptocurrencies.
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