Cboe Plans to List Five Spot Ether ETFs on July 23, Pending Regulatory Approval

The Chicago Board Options Exchange (Cboe) intends to list five ether exchange-traded funds (ETFs) on July 23, “pending regulatory effectiveness,” Cboe announced.

The Chicago Board Options Exchange (Cboe) intends to list five ether exchange-traded funds (ETFs) on July 23, “pending regulatory effectiveness,” Cboe announced on Friday.

The five spot ether ETFs expected to begin trading are the 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Franklin Ethereum ETF, Invesco Galaxy Ethereum ETF, and VanEck Ethereum ETF.

The SEC approved rule changes to spot ether 19b-4 filings in May, however, before they can launch their S-1 registrations need to be approved by the regulator.

Earlier this month, the SEC told asset managers to submit their finalised S-1s by July 16. One of the asset managers, Bitwise, filed an amended S-1 form on July 3. Among the amendments, the firm included a six-month fee waiver of up to $500 million.

As the July 23 launch date nears, all eyes will be on the SEC and those keen to launch a new investment product in the market. In June, Bitwise’s CIO, Matt Hougan, said that Ethereum ETFs could see around $15 billion in net flows in their first 18 months on the market.

Solana ETF

In a bid to add more investment products for its traders, earlier this month, Cboe filed two applications to list spot Solana ETFs on its platform.

The exchange is asking the SEC to approve the listings of its 21Shares and VanEck Solana ETFs. After filing the 19b-4 forms, the SEC has until March 2025 to make a decision.

At the end of June, VanEck filed an S-1 form with the SEC, making it the first US company to do so. Similarly, 21Shares also filed its own S-1 application with the SEC in June, stating on X that they “believe this is a necessary step for the crypto industry.”

With Bitcoin ETFs now trading on Cboe and Ethereum ETFs set to start trading, asset managers are looking at other types of ETFs they can provide to investors, pending regulatory approval from the SEC.

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