The Chicago Board Options Exchange (CBOE) plans to introduce five Ethereum exchange-traded funds (ETFs) on July 23, 2024. The ETFs will be listed on the Chicago Board Options Exchange (CBOE) and will commence trading as a new offering, subject to regulatory approval.
The Securities and Exchange Commission (SEC) is responsible for granting approval to the issuers of these ETFs for their S-1 forms, which allows them to be publicly traded.
The majority of issuers have disclosed their management fees, with a few providing interim charge waivers or reductions. BlackRock intends to impose a management fee of 0.25% for its spot ETH ETF, ETHA, but will lower it to 0.12% for the initial year or until the fund accumulates $2.5 billion in assets.
The introduction of the ETFs has had minimal immediate influence on the price of Ether, which currently hovers around $3,485, reflecting a 2% increase in the past 24 hours.
Anticipated inflows of capital into these ETFs are projected to have a favorable impact on the price of Ether and the whole market, much to the influence of spot ETFs on Bitcoin in 2024.
The introduction of these Exchange-Traded Funds (ETFs) signifies a significant achievement in the cryptocurrency sector, offering a controlled and convenient avenue for investors to obtain exposure to Ethereum.
