Spot Ethereum ETFs: Cboe Announces Official Launch Date For These 5 Funds
Summary
Spot Ethereum ETFs will start trading on Tuesday, July 23, 2024, on the Chicago Board Options Exchange. Five ETFs from Fidelity, VanEck, 21Shares, Invesco, and Franklin Templeton are set to launch. The SEC approved the 19b-4 forms of ETH ETF issuers in May 2024. Management fees for the ETFs have been disclosed, with BlackRock intending to charge a 0.25% fee for its ETHA ETF. The announcement had minimal impact on Ether's price, which currently stands at around $3,485. Capital inflows into the ETFs are expected to positively influence the cryptocurrency's price and the general market.
