Expected to attract institutional investors due to regulatory uncertainties regarding direct cryptocurrency investments
Five Ethereum ETFs to begin trading on CBOE on July 23
Management fees range from 0.15% to 0.25%, with Grayscale Ethereum Trust charging a higher fee of 2.5% and Grayscale Ethereum Mini Trust having the lowest fee at 0.15% waived for six months or until $2 billion in AUM
Opportunity for millions of US institutional and retail investors to gain exposure to Ethereum through regulated investment vehicles
Five Ethereum exchange-traded funds (ETFs) are set to begin trading on the Chicago Board Options Exchange (CBOE) on July 23, pending regulatory approval. The five ETFs are: 1) 21Shares Core Ethereum ETF, 2) Fidelity Ethereum Fund, 3) Invesco Galaxy Ethereum ETF, 4) VanEck Ethereum ETF and 5) Franklin Ethereum ETF.
The introduction of these ETFs is anticipated to enhance Ethereum's liquidity and market depth. Analysts predict that the ETFs will attract a broad range of institutional investors who have been cautious about direct cryptocurrency investments due to regulatory uncertainties. The launch of these ETFs could mark the beginning of a broader trend of integrating digital assets into traditional financial products, potentially leading to increased adoption and potentially driving Ethereum prices higher.
The Chicago Board Options Exchange (CBOE) confirmed July 23 as the launch date for the five ETFs assigned to trade on its platform. Each ETF will be listed on Cboe's BZX Exchange and quoted on the SIAC Tape B data feed.
Management fees for eight of the nine Ethereum ETFs range from 0.15% to 0.25%. Grayscale Ethereum Trust, however, charges a higher fee of 2.5%. Grayscale Ethereum Mini Trust has the lowest fee at 0.15%, which is waived for six months or until $2 billion in assets under management (AUM).
The anticipated listings are a defining moment for cryptocurrency markets and an opportunity for millions of US institutional and retail investors to gain exposure to Ethereum through regulated investment vehicles.
Cboe has confirmed the trading launch of 5 new spot Ethereum ETFs on July 23, pending final regulatory approval.
Each ETF will be listed on Cboe’s BZX Exchange and quoted on the SIAC Tape B data feed.
Analysts predict that these ETFs will enhance Ethereum’s liquidity and market depth, attracting institutional investors and potentially driving Ethereum prices higher.
Crypto market cap jumps 3.41% to hit $2.376 Trillion on June 19th
ETH price teases double-bottom reversal in the 1W chart after a 7.92% jump this week and a 10.77% rise last week
Solana hits $170 mark and registers a 15% hike this week following a 12% jump last week
XRP price is heading to reclaim the $1 psychological level with a bullish crossover in the MACD and signal lines, up by 15% this week and 24% last week
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The article contains several instances of selective reporting and sensationalism. The author makes assertions about the potential price movements of Bitcoin, Ethereum, Solana, and XRP without providing any concrete evidence or peer-reviewed studies to back up these claims. Instead, the author relies on speculation based on news events and trend analysis. Additionally, the article uses emotional manipulation by creating a sense of excitement around potential price increases and implying that readers will miss out if they don't act quickly.
Heading to reclaim the 23.60% Fibonacci level, the bullish crossover in the MACD and signal lines bolster the bull cycle.
With such a high momentum rally, the overhead resistances are failing to halt the massive upside-moving BTC prices.
As per the trend-based Fib levels, the uptrend in crypto could surpass the $5,000 psychological level to hit $5,402.
