Cboe confirms trading launch of 5 spot Ethereum ETFs on July 23

Cboe confirms trading launch of 5 spot Ethereum ETFs on July 23
фото показано с : cryptoslate.com

2024-7-21 01:34

The Chicago Board Options Exchange (Cboe) issued listing notifications for five new spot Ethereum exchange-traded funds (ETFs) scheduled to begin trading on July 23 — confirming reports from earlier in the week.

The notifications clarify that the funds are pending final regulatory approval. The five ETFs are 21Shares’ CETH, Fidelity’s FETH, Franklin Templeton’s EZET, Invesco’s QETH, and VanEck’s ETHV.

Each ETF will be listed on Cboe’s BZX Exchange and quoted on the SIAC Tape B data feed.

Senior Bloomberg ETF analyst Eric Balchunas reported on July 15 that the SEC had instructed issuers to submit final amendments in preparation for a trading launch next week.

Sources told Balchunas that the regulator would give the final green light on July 22, setting the stage for a Tuesday trading launch. The issuers subsequently filed amended S-1 forms on July 18, revealing the final details for their funds, including sponsor fees.

The introduction of these ETFs is anticipated to enhance Ethereum’s liquidity and market depth. Analysts predict that the ETFs will attract a broad range of institutional investors who have been cautious about direct cryptocurrency investments due to regulatory uncertainties.

The ETFs are expected to pave the way for further institutional adoption, potentially driving Ethereum prices higher. Some analysts project that the token will climb above $5000.

The launch of these ETFs could mark the beginning of a broader trend of integrating digital assets into traditional financial products. The SEC’s decision may influence other jurisdictions to follow suit, potentially leading to a global expansion of crypto ETFs.

Some firms have already begun work on ETFs linked to other major crypto tokens like Solana and Injective. However, some experts believe the lack of a regulated futures market for these tokens could be a challenge in securing approval.

Ethereum was trading at $3515 as of press time, up 2.2% over the past 24 hours, based on CryptoSlate data.

The post Cboe confirms trading launch of 5 spot Ethereum ETFs on July 23 appeared first on CryptoSlate.

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etfs july cboe ethereum spot trading week

Источник: cryptoslate.com

etfs july → Результатов: 83


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Bitcoin ETF approval could be ‘hard to resist,’ ex-SEC chair Jay Clayton says

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2023-7-11 01:10


Andreas Antonopoulos Objects Bitcoin ETFs Stating ‘Not Your Keys, Not Your BTC’

According to Andreas Antonopoulos, exchange-traded funds (ETFs) would profoundly destabilize the principle of peer-to-peer money, thus embracing a critical position on the fiscal tool. ‘Not Your Keys-Not Your Bitcoin’ During a monthly question and answer session that took place in July on matters cryptocurency, Andreas, who makes use of the virtual conferences to discuss various […]

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‘It’ll Happen Anyway’: Andreas Antonopoulos Criticizes Bitcoin ETFs

Exchange-traded funds (ETFs) “fundamentally undermine the underlying principle of peer-to-peer money,” Andreas Antonopoulos claimed, adopting a critical stance on the financial instrument. ‘Not Your Keys – Not Your Bitcoin’ As part of his monthly Q&A session with the cryptocurrency community in July, Antonopoulos, who uses the online sessions to address various key aspects of cryptocurrency as suggested by viewers, made clear he was not in favor of an ETF coming to Bitcoin.

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The SEC Is Delaying Another Bitcoin ETF Decision

The United States Securities and Exchange Commission (SEC) is in no hurry to review the pile of Bitcoin ETF filings it has been accumulating over the past year. Not three weeks since postponing its decision on five other Bitcoin ETFs, the SEC has indicated in a public statement that it will be delaying its decision to approve or reject SolidX Bitcoin Shares until late September.

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