O Chicago Board Options Exchange (CBOE) has confirmed the launch date for Spot Ethereum ETFs, revealing when five Spot ETH ETFs will begin trading on the crypto market.
CBOE Finalizes Launch Date for Spot Ethereum ETFs
On July 19, CBOE released a new issuance notice on its official website regarding the launch of the Spot Ethereum ETF Trading. According to the notification, five Spot ETH ETFs will begin trading on the Chicago Board Options Exchange on July 23, 2024, pending regulatory effectiveness.
Previously, analysts including Bloomberg’s senior ETF analyst, Eric Balchunas, predicted that Spot ETH ETFs could start trading on July 2nd. However, Balchunas has since revised his prediction, suggesting in another X post (formerly Twitter) that ETH ETFs are likely to throw on July 18th.
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Amidst the fluctuating schedules for Spot Ethereum DebutCBOE’s confirmation carries significant weight, aligning with the U.S. Securities and Exchange Commission’s projected summer launch date (SEC). The adjustment to the July 23 release date is due in part to delays of several Spot Ethereum ETF issuers, who needed to amend and resubmit their S-1 registration forms to the SEC for review and approval.
The five Spot ETH ETFs scheduled to begin trading on July 23 include Fidelity Ethereum ETF Fund (FETH), Ark 21Shares Core Ethereum ETF (CETH), Franklin Ethereum ETF (EZET), VanEck Ethereum ETF (ETHV), and Invesco Galaxy Ethereum ETF (QETH).
The launch of these Spot Ethereum ETFs represents a significant milestone in the crypto market, providing investors with the opportunity to gain exposure to ETH without the significant volatility risks often associated with cryptocurrencies. Furthermore, the introduction of Spot Ethereum ETFs is expected to bring greater diversification to the crypto market, offering investors a new trading option in addition to Spot Bitcoin ETFs.
While CBOE’s confirmation of the launch of Spot Ethereum ETFs is a promising development for the crypto market, the real focus will be on the performance and demand of these ETFs, as their success could set a precedent for more crypto ETF filings in the future.
Will ETH ETFs match the demand for Bitcoin ETFs after launch?
O Ethereum Spot ETFs Performance has been a hot topic in the crypto space as analysts constantly analyze whether demand for ETH ETFs could potentially equal or even surpass that of Spot Bitcoin ETFs.
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Matt Hougan, Chief Investment Officer (CIO) at Bitwise, predictions that Ethereum Spot ETFs will be a resounding success, bringing in around $15 billion in new assets in the first 18 months on the market. Bitwise’s CIO also stated that demand for ETH ETFs will potentially increase significantly. boosting the price of ETH to an all-time high of $5,000.
In contrast, Samson Mow, CEO of JAN3, a Bitcoin technology company, believe that Spot Ethereum ETFs will not be as bullish as Spot Bitcoin ETFs. He further added that Ether ETFs will massively underperform Bitcoin ETFs in the market.
Although there are differing opinions on the Spot Ethereum ETFs Successthe performance of these investment products after their launch remains uncertain.
Featured image created with Dall.E, chart from Tradingview.com