In its official statement, the Chicago Board Options Exchange (CBOE) announced that some of the spot Ethereum ETFs will begin trading on July 23.
The listed ETFs are:
This is a major milestone for the cryptocurrency space, since this will be the first approved spot altcoin ETF after the SEC greenlit Bitcoin ETFs in the beginning of the year.
At the time of writing ETH is trading at $3.500 after a 2.4% price increase in the past 24 hours.
Fidelity Investments has moved forward with plans to launch a spot Solana Exchange-Traded Fund (ETF), with the U.S. Securities and Exchange Commission (SEC) formally acknowledging the filing.
Cryptocurrency analyst Ali Martinez has raised concerns about Ethereum’s future performance against Bitcoin, suggesting a significant decline could be on the horizon.
The crypto market is seeing increased support from various industries, with payment firms playing a key role in promoting digital assets.
Binance, the leading cryptocurrency exchange, made headlines today with an update concerning several altcoins on its platform.