In a significant development for the cryptocurrency market, the Chicago Board Options Exchange (Cboe) has confirmed that spot Ethereum ETFs will begin trading on Tuesday, July 23rd. The announcement was made just moments ago through notices published on the Cboe website.
The following spot Ethereum ETFs will commence trading on Tuesday:
21Shares Core Ethereum ETF (CETH)
Fidelity Ethereum Fund (FETH)
Franklin Ethereum ETF (EZET)
Invesco Galaxy Ethereum ETF (QETH)
VanEck Ethereum ETF (ETHV)
Cboe stated that it is pleased to announce that the Exchange Traded Product (ETP) will be listed on Cboe and will begin trading as a new issue on July 23, 2024.
This date had been widely anticipated for the commencement of trading. Earlier this week, multiple sources close to the matter had indicated their expectation that the SEC would grant final approvals for trading to begin on July 23rd. This expectation was based on the regulator requesting final filing drafts from firms.
In an unexpected development, Ethereum ETFs had received preliminary approvals from the SEC in May. This came as a surprise as the regulatory body had been scrutinizing Ethereum-focused firms and treating the asset differently from Bitcoin.
Nonetheless, the SEC granted initial approvals for Ethereum ETFs just four months after spot Bitcoin ETFs began trading in the United States.
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