Ethereum Spot ETFs to Debut on Cboe on July 23
The ETFs listed include the Fidelity Ethereum Fund, Franklin Ethereum ETF, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and the 21Shares Core Ethereum ETF.
Pending final regulatory approval, these spot Ethereum ETFs will be available on Cboeโs BZX Exchange and listed on the SIAC Tape B data feed.
Each fund will track Ethereum, anticipated to attract substantial market attention.
Bloomberg ETF analyst Eric Balchunas reported on July 15 that the SEC is expected to approve these funds by July 22, with trading starting the next day.
The issuers, who filed updated S-1 forms on July 18, have detailed sponsor fees and additional information.
Notably, VanEck is offering a one-year fee waiver for the first $1.5 billion in assets, while 21Shares will waive its 0.21% fee until the fund reaches $500 million in assets or six months have passed.
Potential Impact of Ethereum ETFs on the Crypto Market
Industry experts suggest that the performance of these spot Ethereum ETFs could significantly influence the broader market and potentially set a precedent for future crypto ETFs.
Danny Chong, co-founder of Tranchess, believes that inflows into these ETFs might significantly impact Ethereum, potentially driving its price above $5,000 due to its expanding ecosystem and utility.
Looking ahead, there is growing anticipation around the possibility of a Solana ETF.
The success of spot Ethereum ETFs could shape the regulatory and market landscape for future digital asset products, potentially leading to broader acceptance and integration of cryptocurrencies into traditional financial frameworks.
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
