CBOE, Chicago Board Options Exchange, has announced that five spot Ethereum ETF products will begin trading on July 23rd.

Following the U.S. Securities and Exchange Commission (SEC) approval of listing spot Ether, trading will go live on CBOE on Wednesday, July 23rd. Although the exchange revealed there are “pending regulatory effectiveness,” the spot ETF will begin trading.

Prior to the listing, Regulators were required to sign off on each fund issuer’s respective S-1 registration statements. The five spot Ether Exchange-traded funds are 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF.

Ethereum Spark Incoming?
Institutions’ demands for Ethereum to fill their exchange-traded funds with Ether might set ETH prices in an uptrend.

According to the ETH metric by ETH Exchange Reserve, amount of purchasable ETH is at multi-year lows on exchanges. In the next few weeks, Ethereum might experience a high positive price impact and possibly outperform Bitcoin.

We might be looking at an all-time high by early Q4.