You can also find out more about the following: Chicago Board Options Exchange The Cboe has published listing notices for five new spots Ethereum exchange-traded funds (ETFs) scheduled to begin trading on July 23 — confirming reports from earlier in the week.
In the notification, it is stated that final approval by regulatory authorities has not been granted. These five ETFs were 21Shares’ CETH, Fidelity’s FETH, Franklin Templeton’s EZET and Invesco QETH VanEck’s ETHV.
Every ETF listed by Cboe will also be quoted in the SIAC Tape B feed.
Bloomberg ETF Analyst Eric Balchunas On July 15, it was reported that the SEC instructed issuers on how to prepare for an upcoming a trading launch next week.
Balchunas received information from sources that said the regulator was expected to give final approval for the launch of trading on Tuesday, July 22. On July 18, the issuers filed revised S-1 forms. revealing the final details For their money, sponsors fees included.
It is expected that the introduction of ETFs will increase Ethereum’s market liquidity. Analysts expect that ETFs would attract institutional investors cautious of cryptocurrency investment due to regulatory uncertainty.
ETFs will likely drive Ethereum’s price higher, as they are likely to encourage further adoption by institutions. Analysts predict that Ethereum will become a mainstream currency. climb above $5000.
These ETFs may be the start of a trend to integrate digital assets with traditional investments. financial products. It is possible that the SEC decision will influence other countries to adopt a similar approach, leading to an expansion of cryptocurrency ETFs globally.
Some companies have already started. work ETFs that are linked to the major crypto-tokens, such as Solana and Injective. Some experts, however, believe that the absence of a futures market regulated for these tokens may be an obstacle to gaining approval.
According to CryptoSlate, Ethereum traded at $3515, an increase of 2.2% in the last 24 hours.
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Crypto Market Overview
Press release 19 2024, at 11:34 PM UTC 19, 2024The crypto market has a total value of at 2.44 trillion dollars With a volume of 24 hours. 83.73 Billion Dollars. Bitcoin dominates the market at 54.24%. Learn more about the crypto market ›
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Source: cryptoslate.com