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- Ethereum ETFs debut, signaling significant market expansion and institutional acceptance of digital assets.
- Analysts predict ETH price surge, potentially mirroring Bitcoin’s historic rise and impacting financial services.
In line with our previous update on Grayscale’s Mini Ethereum ETF receiving SEC approval, trading is imminent, starting July 23. The Cboe exchange will launch five new Spot Ethereum ETFs, marking a notable expansion in cryptocurrency investment options.
As listed in the Cboe listings, five new ETFs will begin trading on July 23: 21Shares Core Ethereum ETF (CETF), the Fidelity Ethereum Fund (FETH), the Franklin Ethereum ETF (EZET), the Invesco Galaxy Ethereum ETF (QETH), and the VanEck Ethereum ETF (ETHV). Detailed in today’s CNF YouTube video below, these ETFs will follow Ether, the token of the Ethereum blockchain.
Since Ether is the second-largest digital asset, these ETFs represent a new milestone for U.S. markets, aligning with the SEC’s recent approvals of similar cryptocurrency products.
Will ETH Price Explode?
This initiative, partly driven by political dynamics in an election year, indicates growing institutional acceptance of digital assets, despite ongoing debates about investor readiness for such innovative investment tools. Analysts are keenly observing, expecting potentially significant impacts on financial services through decentralized smart contract networks, even suggesting ETH could mirror Bitcoin’s 200% surge as reported in a previous CNF report.
As of now, according to CoinMarketCap data from today, Ethereum (ETH) trades at $3,498.36, having surged by 4.49% in the past week. See the price chart below.
