The Chicago Board Options Exchange (Cboe) announced that five Ethereum spot ETFs will be listed on Cboe starting from 7/23. Inspired by the upcoming listing of the Ethereum spot ETF, Ethereum slowly rose to above 3,500 despite yesterday's sharp decline in US stocks. Bitcoin even broke through 67K last night, with a 24-hour increase of more than 4.5%.
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ToggleEverything is ready, all it needs is "approval"
The Chicago Board Options Exchange (Cboe) announced that five Ethereum spot ETFs will be listed on Cboe and will begin trading as newly issued products on July 23, 2024, pending regulation taking effect. For new ETP issuances, Cboe will conduct a new issuance auction and trading will begin at approximately 9:30 AM Eastern Time.
The cost war has begun, the mini version of Grayscale has the lowest price after challenging discounts
Issuers have announced their expense ratios this week, and 7 out of 10 funds enjoy fee reductions. The price after the preferential period has also been reduced. Although Grayscale’s EHTE still insists on using a high price of 2.5%, the mini version of Ethereum ETF (code: ETH) it launched has once again lowered the fee to only 0.15%, which is the highest price for all funds. The lowest normal fee (after the promotion period).
The mini version of Ethereum ETF (code: ETH) applied by Grayscale automatically converts 10% of the assets of the original Grayscale Ethereum ETF (code: ETHE) into ETH. Analysts believe this may help ease Grayscale’s outflows.
ETH rises to $3,500
Inspired by the upcoming listing of the Ethereum spot ETF, Ethereum slowly rose above 3,500 despite the general plunge in US stocks yesterday. It was trading at $3,506 at the time of writing, with a 24-hour increase of more than 2.5%.
BTC once exceeded 67K
Bitcoin even broke through 67K last night, reaching a maximum of 67,386. It was trading at US$66,788 at the time of writing, with a 24-hour increase of more than 4.5%.
