FameEX Hot Topics | Cboe to List 5 Ether ETFs on Tuesday Pending Regulatory Approval

Cboe, the Chicago Board Options Exchange, is set to list five new Ether exchange-traded funds (ETFs) on Tuesday, pending regulatory approval. These spot ethereum ETFs are from 21Shares, Fidelity, Franklin, Invesco Galaxy, and VanEck. The U.S. Securities and Exchange Commission (SEC) approved Form 19b-4 filings for eight spot ether ETFs in May and has since collaborated with issuers to get their fund registration statements effective.

The new ether ETFs will be listed and traded on the BZX Exchange, one of several securities exchanges operated by Cboe, starting July 23, “pending regulatory effectiveness.” The exchange issued separate new issue notifications for each ETP. The five ETFs are:

1. 21Shares Core Ethereum ETF (CETH) with CUSIP 04071F102

2. Fidelity Ethereum Fund (FETH) with CUSIP 31613E103

3. Franklin Ethereum ETF (EZET) with CUSIP 35351J109

4. Invesco Galaxy Ethereum ETF (QETH) with CUSIP 46148D107

5. VanEck Ethereum ETF (ETHV) with CUSIP 92189L103

Cboe stated that each of these exchange-traded products “will be listed on Cboe and will begin trading as a new issue on July 23, 2024, pending regulatory effectiveness.”

The SEC approved the Form 19b-4 filings for these ETFs in May, but they still need approval for their S-1 registration statements before launching. Analysts predict the funds will launch on July 23.

Matt Hougan, Bitwise CIO, predicts initial volatility following the ETP launch but expects a positive overall trend. He notes that ETFs will increase demand without affecting Ethereum’s fundamentals. Hougan’s analysis suggests that the introduction of spot Ethereum ETFs will significantly impact ether prices, potentially driving ETH above $5,000 by year-end.

Overall, the approval and listing of these ether ETFs are expected to bring significant changes to the market, with potential impacts on the price and demand for Ethereum. The SEC’s regulatory effectiveness will be crucial in determining the actual launch and subsequent trading of these ETFs.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.