Spot Ethereum ETFs Set to Launch on CBOE Next Week
The Chicago Board Options Exchange (CBOE) has officially announced the upcoming launch of spot Ethereum exchange-traded funds (ETFs) next week, marking a significant milestone for the cryptocurrency market. The news comes after months of speculation and anticipation from industry analysts.
The CBOE confirmed the launch of five Ethereum ETFs in its latest “new listings” notice on its website. These ETFs include the 21Shares Core Ethereum ETF (CETF), Fidelity Ethereum Fund (FETH), Franklin Ethereum ETF (EZET), Invesco Galaxy Ethereum ETF (QETH), and VanEck Ethereum ETF (ETHV). Trading for these ETFs is scheduled to begin on July 23, pending regulatory approval.
The proposed ETFs will track ETH, the native token of the Ethereum blockchain, which is currently the second-largest cryptocurrency with a market capitalization of $420.8 billion. Despite the announcement, the price of ETH has only seen a modest 0.8% increase in the last 24 hours, with trading volumes down by 15.5%.
Social media has been abuzz with excitement over the launch of spot Ethereum ETFs. Prominent voices in the ETF space, such as Nate Geraci and Eric Balchunas, have expressed confidence in the imminent approval, citing no apparent reasons for further delays. Balchunas had previously predicted an earlier launch date but adjusted his forecast to align with the official July 23 launch.
The approval of spot Ethereum ETFs by the CBOE is seen as a positive step forward for the crypto market, especially after the SEC’s previous concerns over potential fraud and investor protection. The success of these ETFs could open the door for additional crypto ETF filings in the future.
This development comes at a time when spot Bitcoin ETFs have been performing well, with a significant net inflow of $17 billion, indicating a growing acceptance of crypto investments in mainstream markets. The launch of spot Ethereum ETFs next week will be closely monitored to gauge their performance and impact on the overall cryptocurrency landscape.