The Chicago Board Options Exchange (Cboe) published listing notices for five new Ethereum-traded spot exchange-traded funds (ETFs) scheduled to begin trading on July 23, confirming reports published earlier in the week.

The notices clarify that the funds are awaiting final regulatory approval. The five ETFs are 21Shares CETH, Fidelity FETH, Franklin Templeton EZET, Invesco QETH and VanEck ETHV.

Each ETF will be listed on the Cboe BZX exchange and listed on the SIAC B data feed.

Bloomberg senior ETF analyst Eric Balchunas reported July 15 that the SEC has directed issuers to submit final amendments in preparation for the launch of trading next week.

The regulator will give the final green light on July 22, paving the way for the launch of trading on Tuesday, sources said. The issuers subsequently filed amended Forms S-1 on July 18, disclosing the final details of their funds, including sponsorship fees.

The introduction of these ETFs is expected to increase Ethereum liquidity and market depth. Analysts predict the ETF will attract a wide range of institutional investors who have been wary of investing directly in cryptocurrency due to regulatory uncertainty.

ETFs are expected to pave the way for further institutional adoption, potentially driving Ethereum prices higher. Some analysts predict that the token will rise above $5,000.

The launch of these ETFs could mark the start of a broader trend of integrating digital assets into traditional financial products. The SEC's decision could force other jurisdictions to follow suit, potentially leading to the global expansion of cryptocurrency ETFs.

Some firms have already begun work on ETFs linked to other major cryptocurrencies, such as Solana and Injective. However, some experts believe that the lack of a regulated futures market for these tokens could be a challenge in gaining approval.

At press time, Ethereum was trading at $3,515, up 2.2% over the last 24 hours, based on data from CryptoSlate.