CBOE Global Markets Lists Spot Ethereum ETFs, Confirms Launch Date
20 Julho 2024 - 7:00AM
NEWSBTC
The Chicago Board Options Exchange (CBOE) has confirmed the launch
date for Spot Ethereum ETFs, revealing when five Spot ETH ETFs will
commence trading in the crypto market. CBOE Finalizes Launch
Date For Spot Ethereum ETFs On July 19, the CBOE released a new
issue notification on its official website concerning the launch of
Spot Ethereum ETFs 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 Senior ETF analyst, Eric
Balchunas, had predicted that Spot ETH ETFs could start trading on
July 2. However, Balchunas has since revised his forecast,
suggesting in another X (formerly Twitter) post that ETH ETFs would
likely launch on July 18. Related Reading: Crypto Market
Rebounds From Lows, But Why Are Cardano Holders Suffering Losses?
Amid the fluctuating timelines for Spot Ethereum’s debut, the
CBOE’s confirmation carries significant weight, aligning with the
summer launch date projected by the United States Securities and
Exchange Commission (SEC). The adjustment to a July 23 launch date
is partly due to delays from several Spot Ethereum ETF issuers, who
have needed to amend and resubmit their S-1 registration forms to
the SEC for review and approval. The five Spot ETH ETFs set 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 the
opportunity to gain exposure to ETH without the significant risks
of volatility often associated with cryptocurrencies. Furthermore,
the introduction of Spot Ethereum ETFs is set to bring greater
diversification in the crypto market, offering investors a new
trading option beyond Spot Bitcoin ETFs. While CBOE’s
confirmation of Spot Ethereum ETFs launch 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 Bitcoin ETFs Demand Post Launch? The
performance of Ethereum Spot ETFs has been a hot topic in the
crypto space, as analysts constantly analyze whether the demand for
ETH ETFs could potentially match or even surpass that of Spot
Bitcoin ETFs. Related Reading: Can Burns Send The Shiba Inu
And LUNC Price To $0.01? Expert Chimes In Matt Hougan, the Chief
Investment Officer (CIO) of Bitwise, predicts that Ethereum Spot
ETFs will be a resounding success, gathering about $15 billion in
new assets within the first 18 months in the market. The Bitwise
CIO also stated that the demand for ETH ETFs will surge
significantly, potentially propelling the price of ETH to a $5,000
all time high. In contrast, Samson Mow, the CEO of JAN3, a
Bitcoin technology company, believes 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.
While there are differing opinions regarding the success of Spot
Ethereum ETFs, it remains uncertain just how well these investment
products will perform following its launch. Featured image
created with Dall.E, chart from Tradingview.com
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