Official announcements and filings from the U.S. Securities and Exchange Commission (SEC)

SEC Approves Spot Ethereum ETFs to Launch on July 23, Cboe Confirms 21Shares Participation

Jul 19, 2024, 08:15 PM

The U.S. Securities and Exchange Commission (SEC) has given the green light for the launch of multiple spot Ethereum ETFs, set to begin trading on July 23. Notable asset managers including BlackRock, Franklin Templeton, VanEck, Invesco, Fidelity, and Grayscale are among those launching these ETFs. The SEC has required issuers to submit final S-1 forms by Wednesday and apply for effectiveness after the close of next Monday. The ETFs will be listed on major exchanges such as Nasdaq, CBOE, and NYSE Arca. Fees for these ETFs will range from 0.19% to 2.5%, with some firms offering fee waivers initially to attract investors. Bloomberg analyst Eric Balchunas reported that the Cboe confirmed the participation of 21Shares.