Spot Ethereum ETFs Set to Launch July 23, but Only If ‘no Last-minute Issues’ Occur
The Chicago Board Options Exchange (CBOE) has confirmed the launch of spot Ethereum exchange-traded funds (ETFs) next week.
The cryptocurrency market is set to witness a major milestone as spot Ethereum ETFs are slated to begin trading on the CBOE next week.
CBOE revealed the information in the latest “new listings” notice on its website, confirming the launch of five Ethereum (ETH) ETFs. These include:
21Shares Core Ethereum ETF (CETF)
Fidelity Ethereum Fund (FETH)
Franklin Ethereum ETF (EZET)
Invesco Galaxy Ethereum ETF (QETH)
VanEck Ethereum ETF (ETHV)
According to the notification, trading for these highly anticipated ETFs will commence on July 23, pending regulatory approval.
The proposed ETFs will track ETH, the native token of the Ethereum blockchain, which is the second-largest cryptocurrency with a market capitalization of $420.8 billion, trailing only Bitcoin’s $1.1 trillion market value.
The price of ETH hasn’t reacted much to the news just yet, having only gone up by a modest 0.8% in the last 24 hours. Trading volumes were also down 15.5%, with about $13.3 billion worth of ETH changing hands since yesterday.
Ethereum 24-hour price chart | Source: CoinGecko
This development follows months of speculation and revised predictions from industry analysts.
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