The wait is over! The Chicago Board Options Exchange (CBOE) has officially confirmed the launch date for Spot Ethereum ETFs, and they’re hitting the market on July 23rd.
A Long Time Coming
This launch has been a long time coming, with analysts predicting a July 2nd start date. However, some delays pushed the launch back a bit.
The five Spot ETH ETFs set to launch are:
- Fidelity Ethereum ETF Fund (FETH)
- Ark 21Shares Core Ethereum ETF (CETH)
- Franklin Ethereum ETF (EZET)
- VanEck Ethereum ETF (ETHV)
- Invesco Galaxy Ethereum ETF (QETH)
A Big Deal for Crypto
This launch is a big deal for the crypto market. It gives investors a new way to get exposure to Ethereum without the risks associated with directly buying the cryptocurrency. It also adds another layer of diversification to the market, alongside existing Spot Bitcoin ETFs.
Will Ethereum ETFs Be as Popular as Bitcoin ETFs?
The big question now is whether Ethereum ETFs will be as popular as Bitcoin ETFs.
Some analysts, like Matt Hougan of Bitwise, are bullish, predicting that Ethereum ETFs could gather $15 billion in assets within the first 18 months. He even thinks the demand could drive the price of Ethereum to $5,000!
Others, like Samson Mow of JAN3, are more cautious, believing that Ethereum ETFs will underperform Bitcoin ETFs.
Only time will tell how successful these new ETFs will be. But one thing is for sure: this launch is a major milestone for the crypto market.
