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CBOE confirms: Ethereum ETFs launch on Tuesday

At least five Ethereum ETFs will launch tomorrow, July 23, according to the Chicago Board Options Exchange.

By Finst News
• 2 min read
CBOE confirms: Ethereum ETFs launch on Tuesday

At least five Ethereum ETFs will launch tomorrow, July 23, according to the Chicago Board Options Exchange. Now comes the big Ether Bullrun or was a small one already underway?

It's now official: Tomorrow, Tuesday, five of the Ethereum ETFs will begin trading on the Chicago Board Options Exchange. Of course, "subject to regulatory approval.

According to CBOE include the following ETH index funds: the 21Shares Core Ethereum ETF (CETH), the Fidelity Ethereum Fund (FETH), the Franklin Ethereum ETF (EZET), the Invesco Galaxy Ethereum ETF (QETH) and finally the VanEck Ethereum ETF (ETHV).

Meanwhile remains the Ether rate still fairly unchanged. Over the past 24 hours, the second-largest cryptocurrency moved sideways and is currently trading at €3.199. Compared to last week, that's a 4.3 percent price increase.

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The impending launch could already be factored into the price, as the signals for this have been getting stronger lately. In late May, the U.S. Securities and Exchange Commission (SEC) had surprisingly approved the 19b-4 filings of several ETH ETF issuers.

But as happened earlier with Bitcoin ETFs, the newly listed ETH funds could have a big effect on the Ether price in the medium to long term. For many crypto experts, the Ether ETFs are considered a bullish signal. "The approval could take Ethereum to new heights and act as a strong catalyst for the entire crypto market," says Dr. Ulli Spankowski.

Once again, there will be a battle over fees. In order to capture market share, almost all Ethereum ETF issuers have declared that they will temporarily waive or significantly reduce fees.

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