Cboe Plans to Launch 5 Ethereum ETFs on July 23
Cboe, the Chicago Board Options Exchange, has announced its plans to list five Ethereum exchange-traded funds (ETFs) on July 23, pending regulatory approval. These ETFs include the 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Franklin Ethereum ETF, Invesco Galaxy Ethereum ETF, and VanEck Ethereum ETF. It is expected that these ETFs will bring significant new investment opportunities to the market.
Potential Impact of Ethereum ETFs on the Market
The approval of Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC) marks a significant milestone for the cryptocurrency market. Matt Hougan, chief information officer of Bitwise, believes that the Ethereum ETFs could attract up to $15 billion in net flows within the first 18 months of trading. This influx of investment could have a substantial impact on the overall market dynamics and investor sentiment.
Cboe’s Expansion into Solana ETFs
In addition to Ethereum ETFs, Cboe is also exploring the listing of Solana ETFs on its platform. The exchange has submitted applications to list the spot Solana ETFs, including offerings from 21Shares and VanEck. As the demand for cryptocurrency investment products continues to grow, Cboe is expanding its offerings to cater to a broader range of investors.
