Good News for Ethereum Investors: 5 Ethereum ETFs Will Launch!

Bittime - The Chicago Board Options Exchange (Cboe) announced plans to launch five Ethereum ETFs on Tuesday, July 23 2024. This launch is of course still awaiting final confirmation from the regulator (pending regulatory effectiveness).

5 Ethereum ETFs About to Launch

The five Ethereum ETFs come from established publishers such as 21shares, Fidelity, Franklin, Invesco Galaxy, and Vaneck. Earlier in May, the United States Securities and Exchange Commission (SEC) approved Form 19b-4 filings for eight “spot” type Ethereum ETFs (based on direct holdings of Ethereum assets). 

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Currently, the SEC is still in the process of evaluating the S-1 registration statements of each ETF issuer.

Even so, Cboe is optimistic that the launch can take place on July 23. They have issued separate notifications for each ETF that will be launched on the BZX Exchange, one of the stock exchanges operated by Cboe. The five ETFs are:

• 21shares Core Ethereum ETF (CETH)
• Fidelity Ethereum Fund (FETH)
• Franklin Ethereum ETF (EZET)
• Invesco Galaxy Ethereum ETF (QETH)
• Vaneck Ethereum ETF (ETHV)

The launch of the Ethereum ETF was welcomed positively by analysts. Matt Hougan, CIO of Bitwise, predicts that there will be fluctuations in Ethereum prices at the start of the launch, but the overall trend will be positive. 

According to him, ETFs will increase demand for Ethereum without affecting the fundamentals of this crypto asset. Hougan's analysis even predicts that the presence of an ETF could have a significant impact on the price of Ethereum. This has the potential to push the price past IDR 81 million (US$5,000) by the end of the year.

Investors interested in Ethereum assets now have a more regulated and easily accessible investment alternative via traditional stock trading platforms. However, keep in mind that crypto investment still carries high risks. Conduct in-depth research and analysis before making an investment decision.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.