Cboe Issues Listing Notifications for Five New Ethereum ETFs Scheduled to Begin Trading on July 23
The Chicago Board Options Exchange (Cboe) has announced the upcoming listing of five new spot Ethereum exchange-traded funds (ETFs), set to begin trading on July 23 pending final regulatory approval. The ETFs include 21Shares’ CETH, Fidelity’s FETH, Franklin Templeton’s EZET, Invesco’s QETH, and VanEck’s ETHV, and will be listed on Cboe’s BZX Exchange.
Senior Bloomberg ETF analyst Eric Balchunas reported that the SEC has instructed issuers to submit final amendments in preparation for a trading launch next week, with the final green light expected on July 22. The introduction of these ETFs is expected to enhance Ethereum’s liquidity and market depth, attracting institutional investors who have been cautious about direct cryptocurrency investments.
Analysts predict that the ETFs could pave the way for further institutional adoption of Ethereum, potentially driving prices higher. Some experts project that the token could climb above $5000. The launch of these ETFs may also mark the beginning of a broader trend of integrating digital assets into traditional financial products, potentially leading to a global expansion of crypto ETFs.
While some firms are already working on ETFs linked to other major crypto tokens like Solana and Injective, the lack of a regulated futures market for these tokens could pose a challenge in securing approval. Ethereum was trading at $3515 as of press time, up 2.2% over the past 24 hours.
In the broader crypto market, Bitcoin is currently ranked #1 by market cap with a price of $66,987.79, up 4.64% over the past 24 hours. The total crypto market is valued at $2.44 trillion with a 24-hour volume of $83.73 billion, and Bitcoin dominance is at 54.24%. The launch of these Ethereum ETFs could have significant implications for the crypto market as a whole, potentially influencing the adoption of digital assets in traditional financial products worldwide.
