VanEck Spot Ether ETF Gets First Listing on DTCC

The VanEck spot Ether ETF has just been listed on the Depository Trust and Clearing Corporation (DTCC) ‘s official website.

VanEck, a global investment manager, has updated the Depository Trust and Clearing Corporation (DTCC) website with its spot Ether exchange-traded fund (ETF). The action is a preemptive step towards regulatory permission from the US Securities and Exchange Commission, even though it does not amount to a full debut.

In addition, the DTCC is a significant supplier of post-trade financial services, and its website shows both pending and active ETFs. VanEck’s spot Ethereum ETF is featured on the website with the ticker “ETHV,” but it is not yet live as of right now, as indicated by the letter “N” in the create/redeem column. According to a statement on a website:

“This file includes both active ETFs that may be processed at DTCC and ETFs that are not yet active (“pre-launch”) and, therefore, are not able to be processed at DTCC, unless and until such securities have received all necessary regulatory and other approvals.”

VanEck’s Spot Ether ETF Sees Increased Optimism as SEC Looks to Refile 19b-4 Forms

VanEck attested to their ETF’s listing on the DTCC list; however, the DTCC has not yet offered any additional remarks. The SEC recently requested that US issuers modify and refile their 19b-4 forms for the proposed spot Ether ETFs, and this listing follows that request.

As expected, the request was positively received by all parties involved and is seen as a promising indication that the much-anticipated regulatory approval may be on the horizon. It is impossible to overstate the significance of the 19b-4 forms. They inform the SEC of proposed rule modifications that are required for these ETFs to start trading.

The Cboe BZX Exchange released an updated list of issuers of spot Ether ETFs 19b-4 forms on Tuesday. These include Ark Invest, 21Shares, Fidelity, VanEck, Invesco Galaxy, and Franklin Templeton. Nevertheless, according to a recent article by Fox News writer Eleanor Terrett, CoinShares and Valkyrie have chosen not to pursue spot Ether ETFs.

The SEC’s latest action and VanEck’s spot Ethereum ETF being added to the DTCC list have stoked speculation among investors. Specifically, it concerns the future of these digital asset funds.

Divergent Expectations

The SEC has a long history of enforcing strict and cautious regulations. Despite high demand and interest, this has prevented spot crypto exchange-traded funds (ETFs) from being approved in the US market.

To put things in perspective, the regulator took more than 11 years to authorize spot Bitcoin ETFs earlier this year. Furthermore, there are grounds for skepticism regarding the acceptance of spot Ether ETFs. One of the main causes is that Ether’s potential security is still being studied.

The SEC’s final approval is still the most significant obstacle, despite VanEck’s spot Ethereum ETF placement on the DTCC website being a positive milestone. Investors and market watchers will closely monitor the SEC’s subsequent actions. Investing in digital assets, in general, and Ether ETFs, in particular, is about to enter a new age.