GBTC - VanEck's Spot Ethereum ETF Listed On DTCC As SEC Decision Looms | Benzinga
Amid growing anticipation about the potential approval of a spot Ether exchange-traded fund (ETF) in the United States, global investment manager VanEck's ETF has been listed by the Depository Trust and Clearing Corporation (DTCC) under the ticker symbol "ETHV."
What Happened: This development is seen as a critical step before receiving final approval from the U.S. Securities and Exchange Commission (SEC).
The DTCC, a key American financial market infrastructure provider, offers clearing, settlement, and transaction reporting services.
A listing on DTCC is a necessary precursor to SEC approval. Currently, VanEck's ETF is designated as inactive on the DTCC website, indicating it cannot be processed until it secures the required regulatory approvals.
Notably, VanEck is not the first Ether ETF listed by the DTCC; Franklin Templeton's spot Ethereum (CRYPTO: ETH) ETF was listed on the platform a month ago.
The DTCC's list includes both active ETFs that can be processed and those that are not yet active.
The final SEC decision on the VanEck spot Ether ...