Cboe announced that it will launch five Ethereum spot ETF trading on July 23, and the news has been officially confirmed.
According to a notice issued by the exchange, these ETFs will begin trading on specified dates after receiving final regulatory approval. The five new Ethereum spot exchange-traded funds (ETFs) are 21Shares’ CETH, Fidelity’s FETH, Franklin Templeton’s EZET, Invesco’s QETH, and VanEck’s ETHV.
All of these ETFs will be listed on Cboe's BZX exchange and quoted on the SIAC Tape B data source. Bloomberg senior ETF analyst Eric Balchunas reported on July 15 that the U.S. Securities and Exchange Commission has instructed issuers to submit final revised documents in preparation for the launch of trading next week. According to sources, the regulator plans to grant final approval on July 22, thus laying the foundation for the launch of trading on July 23. The issuer subsequently filed a revised Form S-1 on July 18 detailing the final details of the fund, including sponsor fees.
The launch of these ETFs is expected to significantly enhance Ethereum’s liquidity and market depth. Analysts predict that these ETFs will attract many institutional investors who have previously been wary of direct cryptocurrency investments due to regulatory uncertainty. The launch of the ETF is expected to pave the way for further adoption by institutional investors, potentially pushing the price of Ethereum higher. Some analysts even predict that the coin’s price could break $5,000.
The launch of the ETF may mark the beginning of a broader trend of integrating digital assets into traditional financial products. The SEC’s decision may have a demonstration effect in other jurisdictions, thereby promoting the global expansion of crypto ETFs. Some companies are already working on developing ETFs pegged to other major crypto tokens such as Solana and Injective. Some experts have also pointed out that the lack of a regulated futures market for these tokens may become a challenge in gaining approval.
