CBOE gives official launch date for spot Ethereum ETF
The Franklin Ethereum exchange-traded fund (ETF) will begin trading on the Chicago Board Options Exchange on July 23, “pending regulatory effectiveness,” CBOE announced on July 19.
On May 23, the United States Securities and Exchange Commission (SEC) approved rule changes permitting the listing of several spot Ether ( ETH ) ETFs. However, before the new products could begin trading, the regulator still had to sign off on each fund issuer’s respective S-1 registration statements.
In an effort to gain an early market advantage, virtually all of the ETH ETF issuers have announced plans to temporarily waive or discount fees to compete for market share once the products begin trading. Industry analysts have told Cointelegraph that Ether ETFs could attract up to $10 billion in net inflows in the months following the launch.
Related: BlackRock sets spot Ether ETF fee at 0.25% amid rush of S-1 filings
This is a developing story, and further information will be added as it becomes available.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Giant Company Announces It Will Convert Some of Its Treasury Assets into These Three Cryptocurrencies
A technology company has announced that it will convert a significant portion of its cash reserves into cryptocurrencies.
Japanese Investment Company Metaplanet Does Not Listen to the Drop! Raised $60 Million to Buy Bitcoin! Here Are the Details
Japanese investment firm Metaplanet raised 9.5 billion yen through two bond issues this week to accelerate its Bitcoin buying strategy.
Famous CEO Announced: "Trump Invests Heavily in These Two Surprise Altcoins Apart from Bitcoin, ETF Approval May Come!"
Mark Yusko said that Donald Trump has invested heavily in Bitcoin, HBAR, and XRP.
Santiment: "Whales Bought These 10 Altcoins While Bitcoin (BTC) Was Falling!"
Santiment noted that some altcoins are experiencing massive whale transfers, which are indicative of potential dips.