Cboe New Listing Confirms Ether ETF July 23 Launch Date

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As a seasoned researcher with a strong background in the financial markets and a particular interest in digital assets, I can’t help but feel a sense of excitement and anticipation as Cboe Global Markets officially lists spot Ethereum Exchange-Traded Funds (ETFs) for trading. The long-awaited approval from the U.S. Securities and Exchange Commission (SEC) has finally come through, and major players in the industry are gearing up to launch their respective offerings.

Starting July 23, Cboe Global Markets has made it possible to trade spot Ethereum Exchange-Traded Funds (ETFs) on their platform, following through on earlier predictions about the SEC’s green light for these financial instruments in the United States.

The President of ETF Store, Nate Geraci, highlighted the significance of this listing, pointing out that Ethereum-backed ETFs from prominent financial institutions like Fidelity Investments, Franklin Templeton, Invesco, 21Shares, and VanEck are set to be launched in the near future.

Cboe new listings…

It’s happening.

Almost go time.

— Nate Geraci (@NateGeraci) July 19, 2024

After thorough preparation, asset management companies like BlackRock, Franklin, Bitwise, Invesco, Grayscale, and Fidelity are reportedly making the final adjustments to their trading operations in accordance with SEC regulations, as indicated by recent modifications to their S-1 forms.

Additionally, management fees have emerged as a significant factor in distinguishing between various ETF providers. The majority have established fees ranging from 0.19% to 0.25%. Some of these firms provide initial discounts or exemptions. BlackRock has set its management fee for the Ethereum ETF at 0.25%, whereas Franklin Templeton charges a lower fee of 0.19%. Bitwise, on the other hand, has announced a fee of 0.20% with a discount of up to six months and $500 million in assets.

VanEck intends to forgo charges until 2025 or when its assets reach $1.5 billion, in contrast to Grayscale’s unexpected announcement of a 2.5% fee – five times greater than industry averages.

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2024-07-20 02:44