The Franklin Ethereum exchange-traded fund (ETF) will begin trading on the Chicago Board Options Exchange on July 23, “pending regulatory effectiveness,” CBOE announced on July 19.
On May 23, the United States Securities and Exchange Commission (SEC) approved rule changes permitting the listing of several spot Ether (ETH) ETFs. However, before the new products could begin trading, the regulator still had to sign off on each fund issuer’s respective S-1 registration statements.
In an effort to gain an early market advantage, virtually all of the ETH ETF issuers have announced plans to temporarily waive or discount fees to compete for market share once the products begin trading. Industry analysts have told Cointelegraph that Ether ETFs could attract up to $10 billion in net inflows in the months following the launch.
Related: BlackRock sets spot Ether ETF fee at 0.25% amid rush of S-1 filings
This is a developing story, and further information will be added as it becomes available.
