According to U.Today, the Chicago Board Options Exchange (CBOE) has confirmed that five spot Ethereum ETFs will go live on July 23. The stock exchange has updated its platform to include new listings from Fidelity, Invesco Galaxy, Franklin Templeton, VanEck, and 21Shares. This development is seen as a significant morale boost for investors who have been eagerly awaiting these products. 

The United States Securities and Exchange Commission (SEC) had given its initial approval for spot Ethereum ETFs on May 23. However, the issuers had to wait for final approval before they could commence trading. During this period, they submitted various regulatory filings, including S-1 registrations, Form 8-A, and S-1 amendments. The management fees for these ETFs have also been disclosed, with Franklin Templeton setting a fee of 0.19%, Bitwise at 0.20%, and BlackRock at 0.25%, with the possibility of waiving all or part of the fee for a certain period. VanEck has announced that it will waive its ETF fees until 2025 or until the assets reach $1.5 billion, whichever comes first. The decision to waive fees could provide a market advantage for these issuers, as lower costs are likely to attract more investors. Grayscale, with its management fee capped at 2.5%, may find itself at a disadvantage in this competitive landscape. 

The CBOE update marks the end of a long wait for spot Ethereum ETFs and could pave the way for other crypto ETFs. Discussions are already underway about the possibility of Solana ETFs, and there is speculation that the SEC might approve them in the future.