Cboe to List 5 Ethereum ETFs on July 23
Cboe, the Chicago Board Options Exchange, has announced its plans to list five Ethereum exchange-traded funds (ETFs) on July 23, pending regulatory approval. These ETFs include the 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Franklin Ethereum ETF, Invesco Galaxy Ethereum ETF, and VanEck Ethereum ETF.
The move by Cboe to offer Ethereum ETFs comes after the U.S. Securities and Exchange Commission (SEC) approved a rule change for Ethereum’s 19b-4 spot filing in May. However, the launch of these ETFs is still subject to regulatory approval, with asset managers having until July 16 to file finalized S-1s.
Ethereum ETF Expected to Attract Significant Flows
According to Matt Hougan, chief information officer of Bitwise, the Ethereum ETFs could potentially bring in around $15 billion in net flows within the first 18 months of listing. The anticipation surrounding the launch of these ETFs has drawn attention to the market, with investors and regulators closely monitoring the developments.
The SEC’s decision on the Ethereum ETFs is eagerly awaited as it signals a growing interest in offering diversified investment products to cater to the needs of investors in the cryptocurrency space.
Expansion into Solana ETFs
In addition to Ethereum ETFs, Cboe is also looking to add more investment products to its platform by submitting applications to list Solana ETFs. Two applications have been made for the listing of the 21Shares and VanEck Solana ETFs, with a decision expected from the SEC by March 2025.
This move reflects the increasing demand for diverse cryptocurrency investment options, especially as interest in Bitcoin ETFs grows. As the crypto industry continues to evolve, asset managers are exploring new avenues to offer innovative investment opportunities, pending regulatory approval.
