Exciting News for Crypto Enthusiasts!
If you’re a fan of cryptocurrencies, you’ll be thrilled to hear about the latest developments in the market. A variety of spot Ethereum exchange-traded funds (ETFs) are set to become available for trading soon. Keep reading to discover more about this exciting news!
Spot Ethereum ETFs Coming to Cboe
- Cboe will list spot Ethereum ETFs for trading on July 23.
- The ETFs that will begin trading include 21Shares Core Ethereum ETF (CETH), Fidelity Ethereum Fund (FETH), Franklin Ethereum ETF (EZET), Invesco Galaxy Ethereum ETF (QETH), and VanEck Ethereum ETF (ETHV).
- One (1) Exchange Traded Product (‘ETP’) will be listed on Cboe on July 23, 2024, pending regulatory effectiveness.
Anticipated Approval from the SEC
- The US regulator, the Securities and Exchange Commission (SEC), is expected to grant final approvals for trading to begin on July 23.
- Earlier this week, sources close to the situation indicated that the SEC was finalizing approvals for ETF trading to commence on the anticipated date.
Shift in Regulatory Stance
- Ethereum ETFs received initial approvals from the SEC in May, signaling a change in the regulator’s approach to Ethereum-related firms.
- Following the successful launch of spot Bitcoin ETFs, the SEC extended similar approvals to Ethereum ETF operators.
Final Thoughts
- Cboe is gearing up for an eventful trading day on July 23, with Ethereum ETFs expected to make their debut.
- Decrypt will keep you updated on the latest developments in the crypto market, including new ETF offerings.
Hot Take: Don’t Miss Out on the Ethereum ETF Trading Wave!
If you’re eager to dive into the world of Ethereum ETFs, mark your calendar for July 23. Stay tuned for more updates on this exciting development!
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Sources:
[SEC](https://www.sec.gov/)
[Cboe](https://www.cboe.com/)
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