Ethereum ETFs to Begin Trading in Cboe Tomorrow

Beginning on July 23, spot Ethereum exchange-traded funds (ETFs) will begin trading on the Chicago Board Options Exchange (Cboe), according to an announcement posted on the Cboe website on Friday.

Multiple ETFs, including the 21Shares Core Ethereum ETF (CETH), Fidelity Ethereum Fund (FETH), Franklin Ethereum ETF (EZET), Invesco Galaxy Ethereum ETF (QETH), and VanEck Ethereum ETF (ETHV), will be listed for trading.

The approval of spot Ethereum ETFs by the US Securities and Exchange Commission (SEC) in May marked a significant shift from their previous scrutiny of Ethereum-focused firms. This decision came just four months after the first spot Bitcoin ETFs began trading in the United States.

The Cboe stated that one (1) new exchange-traded product (ETP) will be listed and begin trading on July 23, pending regulatory effectiveness. Investors have shown significant interest in Ethereum, the second-largest cryptocurrency by market capitalization.

The approval and upcoming trading of these ETFs are expected to make Ethereum more accessible to traditional investors.