After many expectations for the official launch of the Ethereum spot ETF have failed, it now seems that the listing on the 23rd next week is gradually becoming a reality. According to information from the Chicago Board Options Exchange (Cboe) official website, 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 new issue product on July 23, 2024, subject to regulatory effectiveness.
In addition, in Grayscale’s Ethereum spot ETF (ETHE) application document last night (19), the “Estimated NYSE Arca listing date” column also clearly stated:
Subject to regulatory approvals and customary conditions, ETHE shares are expected to be listed on the Arca electronic trading platform of the New York Stock Exchange (NYSE) beginning on July 23, 2024.
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 come into effect next Monday and will be officially launched on Tuesday (July 23).
9 Ethereum spot ETF fees released
In addition, earlier this week, the fee information of Ethereum spot ETFs was also officially announced . Currently, except for ProShares, the fees of nine other ETFs have been disclosed, and 7 of the 10 funds enjoy early fee reductions.
According to a data table compiled by Bloomberg ETF analyst James Seyffart:
- BlackRock: ETHA, fee 0.25% (0.12% for first $2.5 billion or first 12 months);
- Fidelity: code FETH, fee 0.25% (0% in 2024);
- Bitwise: Code ETHW, fee is 0.20% (0% for the first $500 million or the first 6 months);
- 21Shares: code GETH, fee 0.21% (0% for the first $500 million or the first 6 months);
- VanEck: Code ETHV, fee 0.20% (0% for first $1.5 billion or first 12 months);
- Invesco x Galaxy: code QETH, fee 0.25%;
- Franklin: Code EZET, fee is 0.19% (0% before January 31, 2025 or on the first 10 billion US dollars);
- Grayscale Ethereum Spot ETF: code ETHE, fee 2.50%;
- Grayscale Ethereum Spot Mini ETF: Symbol ETH, fees reduced from 0.25% below to 0.15% (0.12% for first $2 billion or first 12 months)
With the announcement of Cboe’s new listing and fee information, all signs seem to indicate that Ethereum’s next milestone will soon be achieved, so let’s wait and see.
ETH breaks through $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 exceeded US$3,500 in the early morning of this (20th), reaching a maximum of US$3,540. However, the increase is not too large in comparison. high.
It was currently trading at US$3,488 at the time of writing, up 2.21% in the past 24 hours.
