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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/vaneck-lists-ethereum-etf" data-wpel-link="internal">VanEck Lists Ethereum ETF</a><br></p>
<p style="text-align: justify">This week marked significant progress in the cryptocurrency sector, buoyed by the positive sentiment surrounding the spot Ethereum ETF. Ethereum’s value surged by 31% over the past week, surpassing $3,700. The spotlight was on VanEck and the Depository Trust and Clearing Corporation (DTCC) for a major development.</p> 
<h2 id="what-does-the-dtcc-listing-mean">What Does the DTCC Listing Mean?</h2> 
<p style="text-align: justify">VanEck’s spot Ethereum ETF was added to the DTCC’s new securities list under the ticker $ETHV. This listing followed the submission of updated 19b-4 forms. Despite the listing, the ETF still awaits the U.S. Securities and Exchange Commission’s (SEC) approval, which is not guaranteed.</p> 
<h2 id="how-is-the-sec-process-unfolding">How Is the SEC Process Unfolding?</h2> 
<p style="text-align: justify">VanEck’s spot Ethereum ETF application could be the first to receive a decision from the SEC. Initially submitted in September 2023, it spurred other <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">companies</a> like BlackRock, ARK Invest, and Fidelity to file similar <a href="https://newslinker.co/category/mobile/" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">applications</a>. Analysts had been pessimistic due to the SEC’s cautious stance on cryptocurrency-focused funds.</p> 
<p style="text-align: justify">However, just days before the May 23 decision, Bloomberg’s ETF analysts Eric Balchunas and James Seyffart increased the probability of SEC approval to 75%, injecting optimism into the market. Standard Chartered also expressed confidence in the approval process, predicting Ethereum’s price could reach $8,000 by year-end.</p> 
<h2 id="key-takeaways">Key Takeaways</h2> 
<p style="text-align: justify">– VanEck’s spot Ethereum ETF is now listed on the DTCC under ticker $ETHV.</p> 
<p style="text-align: justify">– The ETF still requires SEC approval, which remains uncertain.</p> 
<p style="text-align: justify">– Bloomberg analysts have raised the SEC approval probability to 75%.</p> 
<p style="text-align: justify">– Standard Chartered forecasts Ethereum could hit $8,000 by the end of the year.</p> 
<p style="text-align: justify">Currently, Ethereum is trading at $3,780, reflecting a minor 0.3% decline in the past 24 hours.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/vaneck-lists-ethereum-etf" data-wpel-link="internal">VanEck Lists Ethereum ETF</a></h5>

VanEck Lists Ethereum ETF

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