As a seasoned crypto investor with a keen interest in Ethereum and ETFs, I’m thrilled to see VanEck’s Ethereum exchange-traded fund (ETF), ETHV, being added to the Depository Trust and Clearing Corporation’s (DTCC) list. This is a significant step towards regulatory approval and eventual launch.
VanEck’s US Ethereum exchange-traded fund (ETF), which is a major global investment firm, has been included in the Depository Trust and Clearing Corporation’s (DTCC) roster of ETFs.
As a researcher, I’ve noticed that the Exchange-Traded Fund (ETF) named “ETHV” is currently listed on the Depository Trust and Clearing Corporation (DTCC) website. However, it’s essential to mention that this listing is just a preparatory step, pending approval from the Securities and Exchange Commission (SEC) for its full launch. The “N” status in the create/redeem column signifies that the ETF remains inactive at the moment.
The DTCC made it clear that the mentioned list encompasses both actively trading and upcoming Ethereum Exchange-Traded Funds (ETFs) that are still under regulatory review. Notably, Franklin Templeton’s Ethereum ETF was added to the list last month. VanEck acknowledged its presence while anticipating more feedback from the DTCC.
New advancements bring encouraging news as the SEC initiates the submission and resubmission of 19b-4 forms for proposed Ethereum spot ETFs, implying a possible green light from regulators.
As an analyst, I’ve noticed that the Cboe BZX exchange has recently submitted amended 19b-4 forms for various Exchange-Traded Funds (ETFs) on their platform, including those from VanEck. This indicates that these applications are making progress in the approval process. On the other hand, according to reports, CoinShares and Valkyrie currently do not intend to file spot Ethereum ETF applications at this time.
Read More
- 15 Charged for converting Drug Cartels’ Cash into Cryptocurrency in U.S.
- XRP Price Eyes $2 Support Level Amidst Market Correction
- PYTH PREDICTION. PYTH cryptocurrency
- OREO Unveils Six New Products for 2025
- ‘Fast and Furious’ Star Paul Walker Remembered 11 Years After His Death
- Russell T Davies Says He “Kind Of Hopes” The Streaming Bubble Will “Pop”
- Apple Lands Anya Taylor-Joy Led Drama ‘Lucky,’ Based on Bestseller
- Paul Atkins to Replace Gary Gensler as Next SEC Chair?
- Crypto VC funding roundup: Riot snags over $594m, BVNK raises $50m
- Google’s Willow Quantum Chip Sparks Bitcoin Security Debate
2024-05-22 08:52