Ethereum
CBOE Global Markets Lists Spot Ethereum ETFs, Confirms Launch Date
THE Chicago Stock Exchange (CBOE) has confirmed the launch date of the Spot Ethereum ETFs, revealing when five Spot ETH ETFs will begin trading on the cryptocurrency market.
CBOE Finalizes Launch Date for Spot Ethereum ETFs
On July 19, the CBOE published a new issuance notice on its official website regarding the launch of Ethereum Spot ETF TradingAccording to the notification, five Spot ETH ETFs will begin trading on the Chicago Board Options Exchange on July 23, 2024, subject to the regulations coming into force.
Previously, analysts, including Bloomberg’s senior ETF analyst, Eric Balchunas, had predicted that Spot ETH ETFs could start trading on July 2. However, Balchunas has since revised his forecast, suggesting in another X post (formerly Twitter) that ETH ETFs would likely launch July 18.
Amidst fluctuating deadlines for Discover the beginnings of EthereumThe CBOE confirmation carries significant weight, aligning with the U.S. Securities and Exchange Commission’s projected summer launch date (SECOND). The adjustment to a July 23 launch date is partly due to delays of several Ethereum Spot ETF issuers, which were required to amend and resubmit their S-1 registration forms to the SEC for review and approval.
The five Spot ETH ETFs set to begin trading on July 23 include the Fidelity Ethereum ETF Fund (FETH), Ark 21Shares Core Ethereum ETF (CETH), the Franklin Ethereum ETF (EZET), the VanEck Ethereum ETF (ETHV), and the Invesco Galaxy Ethereum ETF (QETH).
The launch of these Spot Ethereum ETFs represents a significant milestone in the cryptocurrency market, providing investors with the opportunity to gain exposure to ETH without the significant volatility risks often associated with cryptocurrencies. Furthermore, the introduction of Spot Ethereum ETFs is expected to bring greater diversification to the cryptocurrency market, providing investors with a new trading option beyond Spot Bitcoin ETFs.
While CBOE’s confirmation of the launch of Spot Ethereum ETFs is an exciting development for the cryptocurrency market, the real focus will be on the performance and demand of these ETFs, as their success could set a precedent for more crypto ETF filings in the future.
Will ETH ETFs Meet Bitcoin ETF Demand After Launch?
THE Performance of Ethereum Spot ETFs has been a hot topic in the crypto space as analysts constantly analyze whether demand for ETH ETFs could potentially equal or even surpass that of Spot Bitcoin ETFs.
Matt Hougan, Bitwise’s Chief Investment Officer (CIO), predicted that Ethereum Spot ETFs will be a resounding success, gathering approximately $15 billion in new assets in the first 18 months on the market. Bitwise’s CIO also said that demand for ETH ETFs will increase significantly, potentially boost the price of ETH to an all-time high of $5,000.
In contrast, Samson Mow, CEO of JAN3, a Bitcoin technology company, believes Spot Ethereum ETFs will not be as bullish as Spot Bitcoin ETFs. He added that Ether ETFs will massively underperform Bitcoin ETFs in the market.
Although there are differing opinions regarding the Success of Spot Ethereum ETFsIt remains uncertain how well these investment products will perform after their launch.
Featured image created with Dall.E, chart by Tradingview.com