Five Ethereum Spot ETFs to Launch on July 23, CBOE Says

Five points Ethereum The ETFs, including Fidelity and VanEck, are expected to launch on July 23, according to the CBOE Scholarship. Cboe released new issuance notices Friday afternoon, which are procedural for ETF launches, revealing the launch date of the Ethereum ETF.

Cboe will host most of the first Ether ETF trades. The exchange revealed that trading will begin next week. These include the Fidelity Ethereum Fund, Franklin Ethereum ETF, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and 21Shares Core Ethereum ETF. “We are pleased to announce that an exchange-traded product (“ETP”) will be listed on Cboe and begin trading as a new issuance on July 23, 2024,” the exchange said.

Also read: Ethereum: Will the ETH ETF have a greater impact than Bitcoin?

How do companies price their Ethereum ETFs?

Source: Unsplash

Ether ETF applicants first received Form 19b-4 approval in May. However, there has been a delay in resolving the final details. Additionally, the companies disclosed the fee amounts in amended registration statements on Wednesday:

• Fidelity set its fee at 0.25% and said it would waive it by the end of 2024.
• Franklin Templeton said this would happen give up its fees through January 31, 2025, on the fund’s first $10 billion of assets.
• VanEck said he would give up his costs for a year after the fund was listed for the first $1.5 billion.
• 21Shares has set a fee of 0.21%, which will be waived for six months from the listing of the shares or for the first $500 million, whichever comes first.

Also read: Pepe Coin’s 390% boom: the next big crypto?

Additionally, the timing of the approval is an interesting point. The SEC greenlights the Ethereum ETF launch date at the biggest Bitcoin conference of the year. This week will be memorable for all of cryptocurrency, as BTC and ETH are the only two cryptocurrencies to have an ETF in the United States.

Now all eyes are on the next token. There has been a lot of anticipation surrounding a possible Solana Exchange Traded Fund (ETF) soon. Crypto ETFs are in the spotlight. Therefore, the opening week performance of Ether ETFs could determine how easily the next ETF will be approved in the future.

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