BlackRock Spot Ethereum ETF Is Now Listed On The DTCC Website After Approval
Key Points:
- BlackRock spot Ethereum ETF (ETHA) is now listed on the DTCC website.
- The SEC’s approval of eight spot Ethereum ETFs signals a significant milestone for Ethereum trading on Wall Street.
BlackRock spot Ethereum ETF has been listed on the Depository Trust and Clearing Corporation (DTCC) website under the ticker code ETHA.
BlackRock Spot Ethereum ETF Listed on DTCC Website
BlackRock spot Ethereum ETF heralds the next iteration of the asset management company in the crypto sector. The DTCC, one of the leading post-trade market infrastructure providers for the global financial services industry, will now be offering this digital asset to all interested investors in a secure and regulated platform.
Yesterday, the DTCC also listed VanEck’s spot Ethereum exchange-traded fund (ETF) under the ticker symbol “ETHV” without having gotten approval from the U.S. Securities and Exchange Commission (SEC).
SEC PavesThe Way for Wall Street Trading
The SEC announced that it approved eight applications for spot Ethereum ETFs. This is a landmark judgment that marks the beginning of Ethereum trading on Wall Street and, therefore, marks a significant statement for the digital currency market.
The newly approved funds include the converted Grayscale Ethereum Trust, Bitwise Ethereum ETF, iShares Ethereum Trust, VanEck Ethereum Trust, ARK/21Shares Ethereum ETF, Invesco Galaxy Ethereum ETF, Fidelity Ethereum Fund, and Franklin Ethereum ETF. Despite this approval, trading will remain paused until the SEC approves each ETF’s S-1 filing. The timeline differs; in some, it is weeks, while in others, it is months.
In anticipation of the start of trading, asset manager VanEck filed an amended form S-1 with the SEC and released a 37-second ad to mark the historic approval.
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