ETHEREUMFINANCE

All set pending approval, Cboe announces Ethereum spot ETF will be listed on 7/23.

share
All set pending approval, Cboe announces Ethereum spot ETF will be listed on 7/23.

The Chicago Board Options Exchange (Cboe) announced that five Ethereum spot ETFs will be listed on Cboe starting from 7/23. Encouraged by the upcoming listing of Ethereum spot ETFs, Ethereum continued to rise steadily above 3,500 despite the sharp drop in the US stock market yesterday, while Bitcoin surged to break through 67,000 last night with a more than 4.5% increase in the past 24 hours.

Everything is Ready, Just Waiting for Approval

The Chicago Board Options Exchange (Cboe) has announced that five Ethereum spot ETFs will be listed on Cboe and will begin trading as new products on July 23, 2024, pending regulatory approval. For the new ETP issuance, Cboe will conduct a new issuance auction and trading will start around 9:30 AM Eastern Time.

Fee Battle Begins, Miniature Version Grayscale Challenges Lowest Price After Promotion

This week, various issuers have successively announced their fee rates, with 7 out of 10 funds enjoying fee waivers. The post-promotion prices have also been lowered, although Grayscale's EHTE still stubbornly uses a high fee of 2.5%, its newly launched miniature Ethereum ETF with the code: ETH has once again lowered its fee to just 0.15%, the lowest among all funds after the end of the promotion period.

The miniature Ethereum ETF applied by Grayscale with the code: ETH automatically separates 10% of the assets from the original Grayscale Ethereum ETF with the code: ETHE and converts them to ETH. Analysts believe this may help alleviate the outflow of Grayscale funds.

ETH Rises to $3,500

Encouraged by the upcoming launch of Ethereum spot ETFs, Ethereum continued to rise above $3,500 yesterday despite a general decline in the US stock market, reaching $3,506 at the time of writing, with a 24-hour increase of over 2.5%.

BTC Once Surpassed 67K

Bitcoin surged last night, breaking through 67K, reaching a high of 67,386, and was trading at $66,788 at the time of writing, with a 24-hour increase of over 4.5%.