Ethereum

United

Coin

<ul class="news-points">
 <li>VanEck’s Ethereum ETF takes a step forward, but full launch awaits SEC approval.</li>
 <li>BlackRock, Fidelity, and others also in the race for a spot Ethereum ETF.</li>
 <li>SEC’s recent move sparks optimism for potential approval of Ethereum ETFs.</li>
</ul>
Investment management giant VanEck saw its spot Ethereum ETF make its way onto the Depository Trust and Clearing Corporation’s (<a href="https://coinedition.com/wall-street-banks-test-tokenization-with-chainlink-dtcc/" rel="noopener noreferrer nofollow">DTCC</a>) list of ETFs.
The DTCC, an American financial market infrastructure company renowned for providing post-trade clearance, settlement, custody, and information services, confirmed the addition on its website.
Crucially, <a href="https://www.dtcc.com/products/cs/exchange_traded_funds_plain_new.php" target="_blank" rel="noopener noreferrer nofollow">listing the VanEck spot Ethereum</a> ETF is a preliminary step and does not indicate the full launch of the fund. The ETF is still awaiting regulatory approval from the United States Securities and Exchange Commission (SEC) and other similar filings from industry heavyweights like BlackRock, Fidelity, etc.
Furthermore, under the create/redeem column, the VanEck spot Ethereum ETF is marked as “N,” suggesting that it is not yet active. The DTCC <a href="https://www.dtcc.com/products/cs/exchange_traded_funds_plain_new.php" target="_blank" rel="noopener noreferrer nofollow">noted</a>:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “This file includes both active ETFs that may be processed at DTCC and ETFs that are not yet active (“pre-launch”) and, therefore, ar…
</blockquote>
The post <a href="https://coinedition.com/vanecks-fund-listed-on-dtcc-approval-anticipated/" rel="noopener noreferrer nofollow">VanEck’s Fund Listed on DTCC, Approval Anticipated</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

VanEck’s Fund Listed on DTCC, Approval Anticipated

Coin Edition

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