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Cboe Confirms Launch of 5 Spot Ethereum ETFs on July 23
THE Chicago Board Options Exchange (Cboe) has issued pricing notices for five new spots Ethereal Exchange-traded funds (ETFs) are expected to begin trading on July 23, confirming rumors from earlier this week.
THE notifications clarify that the funds are awaiting final regulatory approval. The five ETFs are 21Shares CET, The loyalty FETH, by Franklin Templeton EZET, QETH by Invesco and By Van Eck ETHV.
Each ETF will be listed on Cboe’s BZX Exchange and quoted in the SIAC Tape B data feed.
Senior analyst at Bloomberg ETF Eric Balchunas reported on July 15 that the SEC had ordered issuers to submit final amendments in preparation for a commercial launch next week.
Sources told Balchunas that the regulator would give the final green light on July 22, setting the stage for a trading launch on Tuesday. The issuers subsequently filed amended S-1 forms on July 18, revealing the latest details for their funds, including sponsor fees.
The introduction of these ETFs is expected to improve the liquidity and depth of the Ethereum market. Analysts expect the ETFs to attract a wide range of institutional investors who have been cautious about direct cryptocurrency investments due to regulatory uncertainties.
ETFs are expected to pave the way for further institutional adoption, potentially pushing Ethereum prices higher. Some analysts predict that the token rise 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 influence other jurisdictions to follow suit, potentially leading to a global expansion of cryptocurrency ETFs.
Some firms have already begun working on ETFs linked to other major crypto tokens such as Solana and Injective. However, some experts believe that the lack of a regulated futures market for these tokens could pose a challenge to getting approval.
At press time, Ethereum was trading at $3,515, up 2.2% over the past 24 hours, according to data from CryptoSlate.
Bitcoin Market Data
As of press time 12:43 am UTC on July 20, 2024, Bitcoin It is ranked first by market capitalization and the price is up 4.22% in the last 24 hours. Bitcoin has a market capitalization of 1.32 trillion dollars with a 24-hour trading volume $36.95 billion. Learn more about Bitcoin ›
$66,736.68
4.22%
Cryptocurrency Market Summary
At press time, as of 12:43 UTC on July 20, 2024, the total cryptocurrency market is valued at 2.43 trillion dollars with a volume of 24 hours $83.85 billionBitcoin’s dominance is currently at 54.19%. Learn more about the cryptocurrency market ›
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Author 
Assad Jafri
Editor and Reporter at CryptoSlate
AJ, a passionate journalist since the Yemen Arab Spring of 2011, has honed his skills around the world for over a decade. Specializing in financial journalism, he now focuses on crypto reporting.
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