Spot Ethereum ETFs to Begin Trading on CBOE on July 23, Pending Regulatory Approval

The Chicago Board Options Exchange (CBOE) has announced that five spot Ethereum exchange-traded funds (ETF) will begin trading on July 23, pending regulatory approval. This news comes after the United States Securities and Exchange Commission (SEC) approved rule changes allowing the listing of several spot Ether (ETH) ETFs back in May.

The five spot Ether ETFs set to commence trading are the 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF. In an effort to attract investors, many of the ETF issuers have announced plans to waive or discount fees initially.

Industry analysts predict that Ether ETFs could attract billions in net inflows in the months following the launch, potentially sparking a supply crunch. The Ethereum Exchange Reserve, which tracks the amount of Ether available for purchase on exchanges, is at multi-year lows. This could lead to increased price volatility and potentially outperform Bitcoin in percentage terms.

Institutional analyst Tom Dunleavy believes that inflows into Ethereum ETFs could reach $10 billion this year, with as much as $1 billion in capital flows per month. Chief investment officer of Bitwise, Matt Hougan, also sees a positive price impact for Ether, predicting new all-time highs by early Q4.

Overall, the launch of these spot Ether ETFs is expected to have a significant impact on the cryptocurrency market, with potential for increased demand and price appreciation for Ether. Stay tuned for more updates as these ETFs begin trading on July 23.