Chicago Board Options Exchange (Cboe) plans to launch five new Ethereum (ETH) exchange-traded funds (ETFs). The expected launch date is set for Tuesday, July 23, and these ETFs will consist of products from leading financial institutions such as 21Shares, Fidelity, Franklin Templeton, Invesco, and VanEck.

According to Bloomberg analyst Eric Balchunas, these ETFs will begin trading following the SEC's latest S-1 filing changes. The long-awaited Ethereum ETFs are finally being launched by Cboe. The fact that these products will be offered by major financial companies such as 21Shares, Fidelity, Franklin Templeton, Invesco and VanEck created great excitement in the market. The US SEC's decision to allow such investment vehicles significantly changed its previous stance.

There was great activity in the market following the announcement, and according to data from analytics firm IntoTheBlock, significant investor activity was observed for Ethereum. Last week, $126 million worth of Ethereum was reportedly withdrawn from exchanges in anticipation of the ETF launch, indicating a strong accumulation trend. This accumulation has created positive sentiment among large-scale investors, often referred to as "whales".

Although there are different opinions on market dynamics, a temporary increase in Ethereum price is expected post-launch. Crypto analyst Kaleo predicts that this could be a “news sell” scenario, with prices rising briefly, followed by a short-term decline. However, Kaleo notes that Ethereum's long-term outlook is optimistic and expects the price to rise above $4,550 after the initial post-launch correction.

Kaleo's analysis highlights that major market events can increase volatility. There may be volatility immediately following the ETF launch, but Ethereum's long-term potential remains solid. Investors who can withstand market fluctuations can realize significant gains as the market stabilizes and the crypto ecosystem matures.

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