The strongest cryptocurrency ETF is coming? Applications will appear for BTC, ETH and SOL joint funds

This site (120bTC.coM): After many expectations for the official listing of the Ethereum spot ETF, it seems that the listing on the 23rd of this week, Eastern Time, is gradually becoming a reality. According to the Chicago Board Options Exchange (Cboe), the platform has added information on five Ethereum spot ETFs, including VanEck, Invesco, Fidelity, 21Shares, and Franklin Templeton, and is expected to open for trading on July 23.

"We are pleased to announce that an Exchange Traded Product (ETP) will be listed on Cboe and begin trading as a new issue product on July 23, 2024, subject to regulatory effectiveness."

Cboe official website information

Some people will apply for ETFs that combine BTC, ETH and SOL in the next few months

On this occasion, Nate Geraci, president of the investment advisory company The ETF Store, issued a prediction: ETF issuers will be in the next few months. Apply to merge spot BTC, ETH and SOLETF. We are quickly heading down the path to index-based and actively managed crypto ETFs.

If the Ethereum spot ETF is really approved this week, a fund combining BTC and ETH may really come into being, but whether SOL can really join it as a fund target remains to be discussed. Let’s look forward to it optimistically...

VanEck and 21Shares apply for SOL spot ETF

According to previous reports, the Chicago Board Options Exchange (Cboe) submitted two 19b-4 documents to the U.S. Securities and Exchange Commission (SEC) at the beginning of this month, formally requesting that VanEck and 21Shares launch Solana spot ETF. According to common practice, after the SEC confirms receipt of the application, it will have 240 days to decide whether to approve these investment products.

Rob Marrocco, global head of ETP listings at CBOE Global Markets, said in a statement: After successfully listing the first batch of U.S. Bitcoin spot ETFs on this exchange and obtaining SEC approval for the filing of rules for the listing of Ethereum spot ETFs, we are now in the process of listing them. Addressing growing investor interest in Solana, the third most actively traded cryptocurrency after Bitcoin and Ethereum.

The above is the detailed content of The strongest cryptocurrency ETF is coming? Applications will appear for BTC, ETH and SOL joint funds. For more information, please follow other related articles on the PHP Chinese website!