Cboe plans to list five Ethereum exchange-traded funds (ETFs) on July 23. It will begin trading spot ETFs: 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Franklin Ethereum ETF, Invesco Galaxy Ethereum ETF and VanEck Ethereum ETF. Bitwise CIO Matt Hougan believes the Ethereum ETFs could see net inflows of around $15 billion in their first 18 months on the market.
The Chicago Board Options Exchange (Cboe) announced that it plans to list five Ethereum exchange-traded funds (ETFs) on July 23, pending the implementation of regulations.
The five spot Ethereum ETFs expected to begin trading are 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Franklin Ethereum ETF, Invesco Galaxy Ethereum ETF, and VanEck Ethereum ETF.
In May, the U.S. Securities and Exchange Commission (SEC) approved rule changes to spotlight Ethereum’s 19b-4 filing, but the S-1 registration needs to be approved by regulators before it can begin.
Earlier this month, the SEC required asset managers to file their final S-1s by July 16. Asset manager Bitwise filed an amended S-1 form on July 3. One of the amendments included a six-month fee waiver for up to $500 million.
As the July 23 launch date approaches, attention will be focused on the SEC and those looking to launch new investment products onto the market. In June, Bitwise CIO Matt Hogan said the Ethereum ETF was expected to see net inflows of around $15 billion in its first 18 months on the market.
Solana ETF
Wanting to offer more investment products to investors, Cboe submitted two applications earlier this month to list a spot Solana ETF on its platform.
The exchange has asked the SEC to approve the listing of the 21Shares and VanEck Solana ETFs, which it expects to file Form 19b-4 with the SEC and issue a decision by March 2025.
At the end of June, VanEck filed its S-1 form with the SEC, becoming the first U.S. company to do so. Similarly, 21Shares filed its own S-1 with the SEC in June, stating in its filing that it “believes this is a necessary step for the cryptocurrency industry.”
With interest in a bitcoin ETF growing and an Ethereum ETF set to begin trading on Cboe, asset managers are considering other types of offerings they could offer investors, pending regulatory approval from the SEC.
