Cboe official announcement: 5 Ethereum spot ETFs will be open for trading on 7/23! ETH breaks through $3,500

This site (120btC.coM): After many expectations of the official launch of the Ethereum spot ETF, it seems that the listing on the 23rd next week is gradually becoming a reality. According to information on the official website of the Chicago Board Options Exchange (Cboe), the platform has added information on five Ethereum spot ETFs, including VanEck, Invesco, Fidelity, 21Shares, and Franklin Templeton, and is expected to open for trading on July 23.

The official website writes: We are pleased to announce that an exchange-traded product (ETP) will be listed on Cboe and begin trading as a newly issued product on July 23, 2024, pending the effectiveness of regulation.

Cboe official website information

In addition, in the Ethereum spot ETF (ETHE) application document of Grayscale last night (19), the "Estimated NYSE Arca listing date" column also clearly stated: after obtaining regulatory approval Subject to meeting customary conditions, ETHE shares are expected to be listed on the Arca electronic trading platform of the New York Stock Exchange (NYSE) on July 23, 2024.

Grayscale ETHE application documents

Bloomberg ETF analyst Eric Balchunas also said on X this week that he heard that the SEC requires issuers to submit final S-1 documents, including fee information, on the 17th. These applications will officially take effect next Monday and be officially launched on Tuesday (July 23).

The fees of 9 Ethereum spot ETFs are released

In addition, earlier this week, the fee information of Ethereum spot ETF was also officially announced. At present, except for ProShares, the fees of other nine ETFs have been disclosed, and 7 of the 10 funds have Files enjoy early fee reductions.

According to a data table compiled by Bloomberg ETF analyst James Seyffart:

• BlackRock: code name ETHA, fee 0.25% (0.12% for the first 2.5 billion US dollars or the first 12 months)

• Fidelity: FETH, 0.25% fee (0% through 2024)

• Bitwise: ETHW, 0.20% fee (0% for first $500 million or first 6 months)

• 21Shares : Code GETH, fee is 0.21% (0% for the first $500 million or the first 6 months)

• VanEck: Code ETHV, fee is 0.20% (0% for the first $1.5 billion or the first 12 months)

• Invescox Galaxy: code QETH, fee 0.25%

• Franklin: code EZET, fee 0.19% (0% before January 31, 2025 or the first $10 billion)

• Grayscale Ethereum spot ETF: Symbol ETHE, fees are 2.50%

• Grayscale Ethereum Spot Mini ETF: Symbol ETH, fees are reduced to 0.15% from 0.25% in the table below (0.12% for the first $2 billion or the first 12 months)

With the announcement of Cboe’s new listing news and fee information, all signs seem to show that Ethereum’s next milestone will be achieved soon, let’s wait and see.

ETH breaks through US$3,500

However, it may be that the expectation of listing has been digested by the market. Yesterday, against the background of the rise of Bitcoin, Ethereum also broke through US$3,500 in the early morning of today (20th), reaching a maximum of US$3,540 , but the increase is not too high in comparison.

It was currently trading at US$3,488 before the deadline, up 2.21% in the past 24 hours.

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