VanEck’s Ethereum ETF Listed on DTCC as ETH ETF Approval Looms
VanEck’s spot Ether exchange-traded fund (ETF) has now been listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker symbol “ETHV.”
The DTCC, a prominent American financial market infrastructure provider, plays a crucial role in clearing, settlement, and transaction reporting services, making the listing on DTCC an important step towards final approval from the U.S. Securities and Exchange Commission (SEC).
However, VanEck’s ETF is currently inactive on the DTCC website, meaning it cannot be processed until regulatory approvals are obtained.
VanEck’s spot ethereum ETF was just listed on the DTCC with the ticker $ETHV
Looks like we might be getting an $eth etf tomorrow! pic.twitter.com/j14kgqQ5jM
— Layah Heilpern (@LayahHeilpern) May 22, 2024
It is worth noting that this is not the first Ether ETF listed by the DTCC.
Franklin Templeton’s spot ETH ETF was listed on the platform a month earlier.
The ETF list on DTCC includes both active ETFs that can be processed and ETFs that are not yet active and therefore cannot be processed.
Recent reports suggest that SEC officials have reached out to Nasdaq, the Chicago Board Options Exchange, and the New York Stock Exchange to update and modify existing spot Ether ETF applications.
The shift in the SEC’s stance over the past week is believed to be influenced by political factors, with cryptocurrency winning the political battle in recent months.
Speculation suggests that former President Donald Trump’s endorsement of cryptocurrency may have compelled the Biden administration to reassess its policy.
The final deadline for the SEC’s decision on VanEck’s spot Ether ETF application is May 23.
After months of speculation regarding potential denials of spot ETH ETFs, the SEC
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