The process accelerated after the US Securities and Exchange Commission (SEC) ordered companies filing for an Ether spot ETF to amend their Forms 19b-4. Global investment firm VanEck’s spot Ether fund was listed on DTCC, the custody and clearing agency, a day before the decision on the company.
The listing of a fund on DTCC, which cooperates with many exchanges from the New York Stock Exchange (NYSE) to Nasdaq, CBOE to NYSE Arca, is seen as a sign that the fund is now officially ready for transactions.
Since this is a period of preparation, there is no certainty as to whether the fund will be listed or not. Therefore, it is not correct to talk about a listing here before the SEC’s final decision is seen.
In the statement made by DTCC on the subject, the expected approval from the SEC was emphasized:
“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,”
The trading code for VanEck’s Ether spot ETF is ETHV.
CBOE, the exchange where VanEck will be listed, yesterday made the changes requested by the SEC for VanEck, Franklin Templeton, Fidelity, Invesco Galaxy and Ark Invest and submitted them to the agency.