CBOE Global Markets Lists Spot Ethereum ETF, Launch Date Confirmed

adminJuly 21, 2024

that much Chicago Board Options Exchange (CBOE) The launch date for a spot Ethereum ETF has been confirmed, and five spot ETH ETFs have revealed when they will begin trading on the cryptocurrency markets.

CBOE Confirms Spot Ethereum ETF Launch Date

On July 19, CBOE posted a new issue notice on its official website. Spot Ethereum ETF TradingAccording to the announcement, five Spot ETH ETFs are scheduled to begin trading on the Chicago Board Options Exchange on July 23, 2024, subject to regulatory effectiveness.

Previously, analysts including Bloomberg Senior ETF Analyst Eric Balchunas, I predicted that a Spot ETH ETF would be possible. Trading starts on July 2nd. However, Balchunas has since revised his prediction, saying in another X (formerly Twitter) post that an ETH ETF would likely start July 18th.

References

In a changing timeline Spot Ethereum DebutsCBOE’s confirmation is significant as it coincides with a summer launch date anticipated by the U.S. Securities and Exchange Commission.secretary) The release date change to July 23rd is partly due to the following reasons: delay Several spot Ethereum ETF issuers have had to resubmit their revised S-1 registration forms to the SEC for review and approval.

Five Spot ETH ETFs scheduled to begin trading on July 23 include the Fidelity Ethereum ETF Fund (FETH). Ark 21Shares Core Ethereum ETF (CETH), Franklin Ethereum ETF (EZET), VanEck Ethereum ETF (ETHV), Invesco Galaxy Ethereum ETF (QETH).

The launch of this Spot Ethereum ETF represents a significant milestone in the cryptocurrency markets and provides exposure for investors. Ethereum Without the significant risk of volatility associated with cryptocurrencies. In addition, the introduction of the Spot Ethereum ETF will bring greater diversification to the cryptocurrency market and provide investors with new trading options. Spot Bitcoin ETF.

While the CBOE’s confirmation of a spot Ethereum ETF is a promising development for the crypto market, the real focus will be on the performance and demand for such an ETF, as its success could set a precedent for more cryptocurrency ETF applications in the future.

Will the launch of a Bitcoin ETF meet the demand for ETH ETFs?

that much Performance of Ethereum Spot ETF It has become a hot topic in the cryptocurrency space as analysts continue to analyze whether there could be a potential increase in demand for an ETH ETF. Match or even surpass For spot Bitcoin ETFs.

References

Matt Hougan, Bitwise’s Chief Investment Officer (CIO), said: predict The Ethereum Spot ETF is set to be a huge success, raising around $15 billion in new assets in its first 18 months on the market, the Bitwise CIO also said there is a significant potential surge in demand for ETH ETFs. ETH price rise It soared to an all-time high of $5,000.

In contrast, Samson Mow, CEO of Bitcoin technology company JAN3, said: Believe He added that a spot Ethereum ETF would not perform as well as a spot Bitcoin ETF, saying that an Ether ETF would significantly underperform a Bitcoin ETF in the market.

There are mixed opinions on this, but The success of Spot Ethereum ETFsIt is still unclear how well these investment products will perform after launch.