The Chicago Board Options Exchange (CBOE) announced that five spot Ethereum exchange-traded funds (ETFs) will start trading on July 23, pending regulatory approval. This follows the SEC’s approval of rule changes on May 23, allowing the listing of spot Ether ETFs. The launch awaits the final approval of each fund issuer’s S-1 registration statements.
The five ETFs set to trade are the 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF. To capture early market share, most issuers plan to waive or discount fees.
Industry analysts predict these Ether ETFs could attract billions in net inflows, potentially leading to a supply crunch. Tom Dunleavy forecasts inflows into Ethereum ETFs could reach $10 billion this year, with new all-time highs for Ether expected by early Q4.
Bloomberg ETF analyst James Seyffart suggests the approval of spot Ethereum ETFs may have been influenced by political factors, while investor Brian Kelly speculates Solana could be the next cryptocurrency to receive ETF approval.
