Spot Ethereum exchange-traded funds (ETFs) will be listed for trading on Tuesday, July 23, the Chicago Board Options Exchange (or Cboe) confirmed Friday via notices posted to its website.
Cboe said that the following spot Ethereum ETFs will begin trading on Tuesday: 21Shares Core Ethereum ETF (CETH), Fidelity Ethereum Fund (FETH), Franklin Ethereum ETF (EZET), Invesco Galaxy Ethereum ETF (QETH), and VanEck Ethereum ETF (ETHV).
"We are pleased to announce that One (1) Exchange Traded Product ('ETP') will be listed on Cboe and will begin trading as a new issue on July 23, 2024, pending regulatory effectiveness," each listing reads.
These Are All the Ethereum ETFs Now Trading in the US
Following the unexpected approval of spot Ethereum exchange-traded funds (ETFs) in May, and some final touches to regulatory paperwork, the long-awaited products started trading today. An ETF is a popular investment vehicle that allows investors to buy shares that track the price of an underlying asset. This could be anything from gold and foreign currencies to crypto and tech stocks. Such funds trade on stock exchanges. The U.S. Securities and Exchange Commission (SEC) shocked traditional and...
The date had been expected: Earlier this week, multiple sources close to the situation told Decrypt that they expected the SEC to issue final approvals for trading to begin on July 23, as the regulator was seeking final drafts of filings from firms.
Ethereum ETFs received initial approvals from the SEC in May in an unexpected about-face from the regulator, which had been scrutinizing Ethereum-centric firms and appeared to treat the asset differently than Bitcoin. But just four months after spot Bitcoin ETFs began trading in the United States, the SEC followed suit with initial approvals.
Ethereum ETFs to Start Trading Next Week as SEC Gathers Final Drafts, Sources Say
The Securities and Exchange Commission (SEC) is telling asset managers to submit final versions of registration statements for spot Ethereum ETFs by Wednesday, with the products’ launches slated for July 23, two sources familiar with the SEC’s process confirmed to Decrypt. The approval process for spot Ethereum ETFs has been notably slow since the regulator’s abrupt approval of spot Ethereum ETFs in May. Allowing investors to gain exposure to Ethereum through a traditional brokerage account, ant...
Now, it appears that Cboe is confident that ETF operators will get their final approvals ahead of trading on Tuesday. Decrypt has a complete list of Ethereum ETFs that are expected to start trading on Tuesday, including funds from BlackRock and Grayscale.
Editor's note: This story was updated after publication with additional details.
