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The Chicago Board Options Exchange (Cboe) has issued listing notifications for five new spot Ethereum exchange-traded funds (ETFs) set to start trading on July 23. The ETFs, pending final regulatory approval, include 21Shares’ CETH, Fidelity’s FETH, Franklin Templeton’s EZET, Invesco’s QETH, and VanEck’s ETHV. Each will be listed on Cboe’s BZX Exchange and quoted on the SIAC Tape B data feed.
Senior Bloomberg ETF analyst Eric Balchunas reported that the SEC instructed issuers to submit final amendments, with the regulator expected to approve the funds on July 22. Issuers filed amended S-1 forms on July 18, detailing sponsor fees and other specifics. This development is anticipated to boost Ethereum’s liquidity and market depth, attracting institutional investors wary of direct crypto investments due to regulatory uncertainties.
Analysts predict these ETFs will drive Ethereum prices higher, possibly surpassing $5000. The launch could signify a broader trend of integrating digital assets into traditional finance, potentially inspiring other jurisdictions to approve crypto ETFs. Some firms are already working on ETFs linked to other major crypto tokens, despite challenges in securing approval due to the lack of regulated futures markets for those tokens.
