Date: Sun, July 21, 2024, 02:14 PM GMT
Excitement is building as the Chicago Board Options Exchange (CBOE) confirms the launch of five spot Ethereum ETFs on July 23. These new ETFs, from major players like Fidelity, Invesco Galaxy, Franklin Templeton, VanEck, and 21Shares, mark a significant milestone for Ethereum investors. The United States Securities and Exchange Commission (SEC) initially approved these spot Ethereum ETFs on May 23, paving the way for this eagerly awaited market debut.
Prominent Investor Sees 2020-Like Opportunity
Buying #Ethereum now is like
— Elja (@Eljaboom) July 21, 2024
– Buying it at $400 in 2020
With $ETH ETF trading starting tomorrow, $10,000+ is programmed this cycle! pic.twitter.com/Mq4CzNGonO
Adding to the excitement, prominent crypto and Bitcoin investor @Eljaboom recently shared a bullish post on X (formerly Twitter), stating, “Buying Ethereum now is like buying it at $400 in 2020. With $ETH ETF trading starting tomorrow, $10,000+ is programmed this cycle!” This optimistic outlook from a top investor underscores the potential impact of the new Ethereum Spot ETFs.
As the launch date approaches, investors are keeping a close eye on the market, hoping to capitalize on this new opportunity.