Chicago Board Options Exchange (Cboe) officially announced on Friday that spot Ethereum Exchange-Traded Funds (ETPs) will commence trading on Tuesday, July 23. The notification was published on Cboe's website, marking a pivotal moment for cryptocurrency investment products.
Key Ethereum ETFs Launching July 23
The following spot Ethereum ETFs are confirmed for trading:
- 21Shares Core Ethereum ETF (CETH)
- Fidelity Ethereum Fund (FETH)
- Franklin Ethereum ETF (EZET)
- Invesco Galaxy Ethereum ETF (QETH)
- VanEck Ethereum ETF (ETHV)
Cboe's statement emphasized:
"We are pleased to announce that one (1) exchange-traded product ('ETP') will list on Cboe and begin trading as a new issuance on July 23, 2024, pending regulatory effectiveness."
Regulatory Timeline and Expectations
This launch aligns with industry predictions. Earlier this week, multiple sources informed Decrypt that the U.S. Securities and Exchange Commission (SEC) was expected to grant final trading approvals by July 23. The SEC has been reviewing final draft filings from issuers to ensure compliance.
Background: SEC’s Shift on Ethereum ETFs
The SEC initially approved Ethereum ETFs in May, surprising markets after years of scrutiny toward Ethereum-centric firms. This marked a shift from the agency’s earlier stance, which treated Ethereum differently from Bitcoin. The approval followed just four months after spot Bitcoin ETFs began trading in the U.S.
👉 Explore more about Ethereum ETF developments
Full List of Expected Ethereum ETFs
Cboe anticipates issuers will secure final approvals before Tuesday’s trading begins. Decrypt has compiled a comprehensive list of Ethereum ETFs expected to launch, including funds by BlackRock and Grayscale.
FAQ: Ethereum ETFs Explained
Q1: What is an Ethereum ETF?
A1: An Ethereum ETF tracks the price of Ethereum (ETH) and allows investors to gain exposure without directly holding the cryptocurrency.
Q2: Why is July 23 significant?
A2: It’s the anticipated date for final SEC approvals, enabling these ETFs to begin trading on major exchanges like Cboe.
Q3: How do Ethereum ETFs differ from Bitcoin ETFs?
A3: While structurally similar, Ethereum ETFs involve unique regulatory considerations due to ETH’s classification and underlying technology.
Q4: Can international investors access these ETFs?
A4: Typically, U.S.-listed ETFs are available to domestic investors, but global counterparts may launch later.
Q5: What are the risks of investing in Ethereum ETFs?
A5: Risks include market volatility, regulatory changes, and tracking errors between the ETF and actual ETH price.
Key Takeaways
- Launch Date: July 23, 2024
- First Wave: 5 major ETFs confirmed
- Regulatory Progress: SEC final approvals pending
- Market Impact: Follows Bitcoin ETF success, broadening crypto investment accessibility