After many expectations for the Ethereum spot ETF to be officially listed, it seems that the listing on the 23rd of this week, Eastern Time, is gradually becoming a reality. According to 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.
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.
There will be applications in the coming months for an ETF combining BTC, ETH and SOL
On this occasion, Nate Geraci, president of the investment advisory company The ETF Store, issued a prediction:
ETF issuers will apply to merge spot BTC, ETH and SOL ETFs in the coming months.
We are quickly heading down the path to index-based and actively managed crypto ETFs.
If the Ethereum spot ETF is really approved this week, a fund combining BTC and ETH may really come into being. However, whether SOL can really join the fund as a target remains to be discussed. Let's look forward to it optimistically...
VanEck, 21Shares apply for SOL spot ETF
Dynamic Zone previously reported that the Chicago Board Options Exchange (Cboe) submitted two 19b-4 documents to the U.S. Securities and Exchange Commission (SEC) at the beginning of this month, formally requesting that VanEck and 21Shares launch Solana spot ETFs. According to common practice, after the SEC confirms receipt of the application, it will have 240 days to decide whether to approve these investment products.
Rob Marrocco, global head of ETP listings at CBOE Global Markets, said in a statement :
After successfully listing the first batch of U.S. Bitcoin spot ETFs on the exchange and receiving SEC approval for rule filings to list Ethereum spot ETFs, we are now addressing the growing investor interest in Solana, the next major investment in Bitcoin and Ethereum. After that, the third most actively traded cryptocurrency.
