Nate Geraci, president of The ETF Store, an Ethereum spot investment advisory company, made a prediction on the social platform on Monday (22nd). He believes that in the next few months, exchange-traded fund (ETF) issuers will apply for Bitcoin, Ethereum "We are moving rapidly towards index-based and actively managed cryptocurrency ETFs," he wrote.
Prediction…An ETF issuer will file for combined spot btc, eth, & sol ETF in next few months.We’re quickly heading down path towards index-based & actively managed crypto ETFs.
— Nate Geraci (@NateGeraci) July 22, 2024
Geraci also asserted earlier that an Ethereum spot ETF would launch this week and become available for trading on Tuesday, July 23.
According to an announcement from the Chicago Board Options Exchange (Cboe), multiple Ethereum spot ETFs will begin trading on July 23, including ETHV applied for by VanEck, QETH jointly applied by Invesco and Galaxy, and Franklin Templeton ( Franklin Ethereum’s EZET, Fidelity’s FETH and 21Shares’ CETH. Cboe’s announcement stated:
“We are pleased to announce that one (1) Exchange Traded Product (“ETP”) will be listed on Cboe and will begin trading as a new offering on July 23, 2024, pending regulatory approval. "
Several issuers of Ethereum spot ETFs submitted revised S-1 registration statements last week and disclosed their respective management fee rates. Among them, BlackRock set the rate for its Ethereum fund products as 0.25%. Cboe, on the other hand, filed 19b-4 filings for two Solana ETFs with the U.S. Securities and Exchange Commission (SEC) earlier this month.
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