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
notification
clarifies
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.
Bitcoin
Market
Data
At
the
time
of
press
11:34
pm
UTC
on
Jul.
19,
2024,
Bitcoin
is
ranked
#1
by
market
cap
and
the
price
is
up
4.64%
over
the
past
24
hours.
Bitcoin
has
a
market
capitalization
of
$1.32
trillion
with
a
24-hour
trading
volume
of
$37
billion.
Learn
more
about
Bitcoin
›
11:34
pm
UTC
on
Jul.
19,
2024
$66,987.79
4.64%
Crypto
Market
Summary
At
the
time
of
press
11:34
pm
UTC
on
Jul.
19,
2024,
the
total
crypto
market
is
valued
at
at
$2.44
trillion
with
a
24-hour
volume
of
$83.73
billion.
Bitcoin
dominance
is
currently
at
54.24%.
Learn
more
about
the
crypto
market
›
Go to Source
Author: Assad Jafri
