coinengineer.io
Exchange Cboe indicates that spot Ethereum exchange-traded funds—including ones from Fidelity and VanEck—will start trading on July 23.
Many of the proposed Ethereum ETFs will trade Cboe, which revealed they will start trading next week. Among these are the Fidelity Ethereum Fund, Franklin Ethereum ETF, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and 21Shares Core Ethereum ETF.
“We are pleased to announce that 1 Exchange Traded Product (‘ETP’) will be listed on Cboe and will begin trading as a new issue on July 23, 2024,” the exchange stated in a new issue notification. The notices follow a procedural framework ahead of product introductions.
Companies wishing to introduce their spot Ethereum ETFs got approval of 19b-4 forms in May from the U.S. Securities and Exchange Commission, but before they can start, they still need their registration statements to be effective. Eric Balchunas, a senior ETF analyst for Bloomberg, earlier said he heard companies will “request effectiveness” on Monday. According to Balchunas and other sources, the ETFs should open trading on July 23.
On Wednesday, companies revealed charge amounts on revised registration statements. Saying it would waive it through the end of 2024, Fidelity set its fee at 0.25%. Franklin Templeton stated that on the first $10 billion of the fund’s assets, it will forgo its charge until January 31, 2025.
For the first $1.5 billion, VanEck promised to waive its fee for a year following its fund listing on the exchange. Based on its revised S-1 registration statement, ETF issuer 21Shares set a 0.21% charge, which will be waived for six months beginning on the day the shares are listed or during the first $500 million, whichever comes first.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.