<p class="is-style-lead">The Chicago Board Options Exchange (CBOE) has confirmed the launch of spot Ethereum exchange-traded funds (ETFs) next week.</p> 
<p>The cryptocurrency market is set to witness a major milestone as spot Ethereum ETFs are slated to begin trading on the CBOE next week.&nbsp;</p> 
<p>CBOE revealed the information in the latest “new listings” <a href="https://www.cboe.com/us/equities/notices/new_listings/" target="_blank" rel="">notice</a> on its website, confirming the launch of five Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) ETFs. These include:</p> 
<ul> 
 <li>21Shares Core Ethereum ETF (CETF)</li> 
 <li>Fidelity Ethereum Fund (FETH)</li> 
 <li>Franklin Ethereum ETF (EZET)</li> 
 <li>Invesco Galaxy Ethereum ETF (QETH)</li> 
 <li>VanEck Ethereum ETF (ETHV)</li> 
</ul> 
<p>According to the notification, trading for these highly anticipated ETFs will commence on July 23, pending regulatory approval.&nbsp;</p> 
<p>The proposed ETFs will track ETH, the native token of the <a href="https://crypto.news/tag/ethereum/" target="_blank" rel="noreferrer noopener">Ethereum</a> blockchain, which is the second-largest cryptocurrency with a market capitalization of $420.8 billion, trailing only Bitcoin’s $1.1 trillion market value.&nbsp;</p> 
<p>The price of ETH hasn’t reacted much to the news just yet, having only gone up by a modest 0.8% in the last 24 hours. Trading volumes were also down 15.5%, with about $13.3 billion worth of ETH changing hands since yesterday.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdOwd99fs4p0pKDSF-lYhU_BBy3Bi9bYoy4yd0BUwhx8C7RFF0Csad-KDnpgC-HNB78nvcbrpvWwvF7tK8Hqs6FCYgyuDuUAJQGe0ZJgJhkini8xbwFQBq71hQiTfh4wVAcmKfZOFPjyYc18CDOr5vM-EMt?key=PHQyOAjEQ7jAZWqwgk96Wg" alt="5 spot Ethereum ETFs set to launch July 23, but only if 'no last-minute issues' occur - 34">
 <figcaption class="wp-element-caption">
  Ethereum 24-hour price chart | Source: CoinGecko 
 </figcaption>
</figure> 
<p>This development follows months of speculation and revised predictions from industry analysts.</p> 
<p> You might also like: <a href="https://crypto.news/vc-roundup-allium-16-5m-bima-labs-secures-2-25-million/"> VC roundup: Allium raises $16.5m as crypto funding activity cools </a> </p> 
<h2 class="wp-block-heading" id="strong-social-media-buzz-strong"><strong>Social media buzz</strong></h2> 
<p>More recently, the anticipation for the launch of spot Ethereum ETFs has been evident on social media. For instance, on July 14, Nate Geraci, a prominent voice in the ETF space, expressed confidence in the imminent approval, citing no apparent reasons for further delays and noting that issuers were prepared for the launch.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Welcome to spot eth ETF approval week…<br><br>I’m calling it.<br><br>Don’t know anything specific, just can’t come up w/ good reason for any further delay at this point.<br><br>Issuers ready for launch.</p>— Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1812593361267876057?ref_src=twsrc%5Etfw" target="_blank" rel="">July 14, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Following this, on July 15, Bloomberg’s Senior ETF analyst Eric Balchunas reinforced Geraci’s prediction, informing his followers that the SEC had contacted issuers to finalize documentation and request effectiveness for a launch on Tuesday, July 23, assuming “no unforeseeable last-minute issues” arose.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Update: Nate's instincts were right, hearing SEC finally gotten back to issuers today, asking them to return FINAL S-1s on Wed (incl fees) and then request effectiveness on Monday after close for a TUESDAY 7/23 LAUNCH. This is provided no unforeseeable last min issues of course! <a href="https://t.co/D21FD9Qf94" target="_blank" rel="">https://t.co/D21FD9Qf94</a></p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1812930206933655759?ref_src=twsrc%5Etfw" target="_blank" rel="">July 15, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Earlier forecasts by Balchunas had suggested that the ETFs might begin trading as early as July 2. However, he later adjusted his prediction to July 18, which closely aligns with the new official launch date.&nbsp;</p> 
<p>Two months ago, the <a href="https://crypto.news/tag/SEC/" target="_blank" rel="noreferrer noopener">Securities and Exchange Commission</a> (SEC) seemed to have applied the brakes on the approval of Ethereum ETFs, using the same arguments it had made when delaying giving the nod for spot <a href="https://crypto.news/tag/bitcoin-etf/" target="_blank" rel="noreferrer noopener">Bitcoin ETFs</a>. The regulator claimed that there were concerns over potential fraud and investor protection regarding the spot Ethereum ETFs.</p> 
<p>However, the confirmation from the CBOE signals a promising step forward for the crypto market. Their performance and demand will be closely monitored, as their success could pave the way for additional crypto ETF filings in the future.</p> 
<p>This approval coincides with the markedly improved performance of spot Bitcoin ETFs, which have seen a significant net inflow of $17 billion, highlighting the increasing mainstream acceptance of crypto investments.</p> 
<p> Read more: <a href="https://crypto.news/spot-bitcoin-etfs-soar-total-net-inflow-17-billion/"> Spot Bitcoin ETFs witness substantial inflows as broader market takes bullish turn </a> </p>

5 spot Ethereum ETFs set to launch July 23, but only if ‘no last-minute issues’ occur

目次

crypto.news

2024年7月22日公開の他の記事

Digital Chamber Calls on Kamala Harris To Take Pro-Crypto Stance

Solana Eyes Significant Price Surge

Bitcoin bulls aim for $72K after BTC futures premium hits a 5-week high

Trump to Release Fourth NFT Collection Amid Growing Crypto Embrace

Japan Seeks Major Tax Reform for Crypto-Assets: A Leap Towards Financial Innovation

Solana Surges 33% Since July 4th: FOMO Could Drive SOL to $200 Soon

ニュースレターを購読して暗号資産の最新情報を毎日入手！