Spot Ethereum ETFs Set to Launch on July 23

Several spot Ethereum ETFs, including those from Fidelity and VanEck, are set to begin trading on July 23, as announced by Cboe.

Cboe confirmed the launch date for the Fidelity Ethereum Fund, Franklin Ethereum ETF, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and 21Shares Core Ethereum ETF.

Cboe’s notification stated, “We are pleased to announce that 1 Exchange Traded Product (‘ETP’) will be listed on Cboe and will begin trading as a new issue on July 23, 2024.”

While the SEC approved the necessary 19b-4 forms for these ETFs in May, firms are now waiting for their registration statements to become effective. Bloomberg’s Eric Balchunas noted that firms plan to request effectiveness on Monday, with trading expected to start on July 23.

Fee structures have been detailed in amended registration statements. Fidelity will charge a 0.25% fee, waived until the end of 2024.

Franklin Templeton’s fee is waived until January 31, 2025, for the first $10 billion. VanEck will waive fees for a year for the first $1.5 billion. 21Shares will waive its 0.21% fee for six months or until the fund reaches $500 million.

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Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.