Ether ETFs Officially Hit The Market Tuesday: U.S.-listed spot Ethereum exchange-traded funds set to begin trading on July 23

Ether ETFs Officially Hit The Market Tuesday

Ethereum enthusiasts and investors have reason to celebrate as U.S.-listed spot Ethereum exchange-traded funds (ETFs) are set to start trading on national securities exchanges on July 23. The Chicago Board Options Exchange (Cboe) confirmed the news through notices posted on its website, announcing the launch of several Ethereum-based ETFs.

Among the ETFs set to hit the market are the 21Shares Core Ethereum ETF (CETH), Fidelity Ethereum Fund (FETH), Franklin Ethereum ETF (EZET), Invesco Galaxy Ethereum ETF (QETH), and VanEck Ethereum ETF (ETHV). The announcement comes after the United States Securities and Exchange Commission (SEC) approved 19b-4 forms allowing the listing of eight spot Ether ETFs, marking a significant shift in regulatory stance.

The launch of these ETFs is expected to have a positive impact on the price of Ether (ETH), with industry experts predicting that the increased institutional interest could drive the price of ETH to new all-time highs. The influx of billions in net inflows following the launch of these ETFs could push the price of ETH to as high as $5,000 by the end of the year.

Investors and traders are eagerly anticipating the debut of these ETFs, with many expecting a surge in demand for Ether as institutions look to add the cryptocurrency to their portfolios. The launch of these ETFs marks a significant milestone for Ethereum and the broader cryptocurrency market, signaling growing mainstream acceptance and adoption of digital assets.

As the countdown to July 23 begins, all eyes are on the market as investors prepare for the arrival of the first spot Ether ETFs in the U.S. Stay tuned for more updates on this developing story as the launch date approaches.