Cboe Announces July Date to List Five Spot Ether ETFs

Cboe Announces July Date to List Five Spot Ether ETFs
фото показано с : coinjournal.net

2024-7-23 15:48

Cboe is planning on listing five ether exchange-traded funds (ETFs) on July 23 It will begin trading spot ETFs from the 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Franklin Ethereum ETF, Invesco Galaxy Ethereum ETF, and VanEck Ethereum ETF Bitwise’s CIO Matt Hougan believes Ethereum ETFs could see around $15bn in net flows in their first 18 months on the market

The Chicago Board Options Exchange (Cboe) intends to list five ether exchange-traded funds (ETFs) on July 23, “pending regulatory effectiveness,” Cboe announced.

The five spot ether ETFs expected to begin trading are the 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Franklin Ethereum ETF, Invesco Galaxy Ethereum ETF, and VanEck Ethereum ETF.

In May, the US Securities and Exchange Commission (SEC) approved rule changes to spot ether 19b-4 filings; however, before they can launch, their S-1 registrations need to be approved by the regulator.

Earlier this month, the SEC required asset managers to submit their finalised S-1s by July 16. Asset manager Bitwise filed an amended S-1 form on July 3. One of its amendments included a six-month fee waiver of up to $500m.

As the July 23 launch date creeps closer, all eyes will be on the SEC and those keen to launch a new investment product in the market. In June, Bitwise’s CIO, Matt Hougan, stated that Ethereum ETFs could see around $15bn in net flows in their first 18 months on the market.

Solana ETF

Keen to add more investment products for its investors, Cboe submitted two applications to list spot Solana ETFs on its platform earlier this month.

The exchange has asked the SEC to approve the listings of its 21Shares and VanEck Solana ETFs. Filing the 19b-4 forms, the SEC has until March 2025 to make a decision.

At the end of June, VanEck filed an S-1 form with the SEC, making it the first US company to do so. Similarly, 21Shares also filed its own S-1 application with the SEC in June, stating on X that they “believe this is a necessary step for the crypto industry.”

With increased interest in Bitcoin ETFs and now Ethereum ETFs set to start trading on Cboe, asset managers are looking to other types they can potentially provide to investors, pending regulatory approval from the SEC.

The post Cboe Announces July Date to List Five Spot Ether ETFs appeared first on CoinJournal.

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2019-10-10 15:59


Фото:

New Ethereum token is backed by gold reserves guaranteed by Australian government

Australia‘s Perth Mint, one of the world’s largest refineries, is today launching a gold-backed Ethereum token guaranteed by the government of Western Australia. Marketing materials shared with Hard Fork claim the Perth Mint Gold Token (PMGT) is the first gold token on a public blockchain backed and guaranteed by government reserves.

2019-10-10 15:59