Five Major Firms Launch Ethereum Spot ETFs on CBOE
Five major investment firms - VanEck, Invesco, Franklin Templeton, Fidelity, and 21Shares - have successfully launched Ethereum spot ETFs on the Chicago Board Options Exchange (CBOE). The listing began today, with the Ethereum price remaining stable and continuing its upward trend.
The ETFs, which track the Ethereum price and are backed by Ether, offer investors an easy way to gain exposure to the cryptocurrency without directly owning it. This significant development is expected to influence long-term Ethereum price discovery on exchanges, as traditional investment capital flows into the market.
While the approval of Ethereum ETFs was widely anticipated since late May, the specific representatives from the aforementioned firms have not yet received SEC approval for Ethereum ETFs. However, they have submitted proposals for Solana ETFs, with decisions still pending.
Investors can now trade these Ethereum ETFs at the CBOE, the world's largest options exchange. However, it's important to note that these ETFs do not allow staking, meaning investors miss out on the largely risk-free dividends of five to ten percent that could be earned by staking Ethereum in personal wallets.
Read also:
- Mural at blast site in CDMX commemorates Alicia Matías, sacrificing life for granddaughter's safety
- Comcast Introduces Sports-Oriented Video Bundle in Preparation for the World Cup Tournament
- Is Maruti's reign over the SUV market being challenged by Mahindra's aggressive move to snatch the top spot?
- Social Security Administration Abandons Plan for Electronic Payments: Important Information for Recipients of Benefits
