- On July 23, five spot Ethereum ETFs—including funds from VanEck and Fidelity—will go live on the market, as per a Cboe report.
- New issue notifications, which are required for ETF launches, were posted by Cboe.
Exchange Cboe reports that spot Ethereum ETH +0.20% exchange-traded funds, which include funds from Fidelity and VanEck, will go live on July 23.
Many of the proposed Ethereum ETFs will trade on Cboe, which said that trading will start the following week. These include the 21Shares Core Ethereum ETF, the VanEck Ethereum ETF, the Invesco Galaxy Ethereum ETF, the Franklin Ethereum ETF, and the Fidelity Ethereum Fund.
We are pleased to report that 1 Exchange Traded Product (‘ETP’) will be listed on Cboe and will commence trading as a new issue, the exchange said in a new issue notification. Notices prior to product launches are procedural in nature.
The U.S. Securities and Exchange Commission approved 19b-4 forms in May for firms wishing to launch spot Ethereum ETFs, but the launch cannot happen until their registration statements take effect. Eric Balchunas, a senior ETF analyst at Bloomberg, previously stated that he had heard that companies will seek efficacy on Monday. It has also been stated by Balchunas and other sources that they anticipate the ETFs to go live on July 23.
On Wednesday, companies released the charge amounts in their updated registration statements. Fidelity declared that it will waive its fee through the end of 2024 and put it at 0.25%. According to Franklin Templeton, for the first $10 billion of the fund’s holdings, it will waive its charge through January 31, 2025. After the fund is listed on the exchange, VanEck said it will forego its charge for the first $1.5 billion during a year. According to its updated S-1 registration statement, ETF issuer 21Shares established a 0.21% charge, which will be waived for six months beginning on the day the shares are listed or during the first $500 million, whichever comes first.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
