Key Points:
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).
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.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Binance.US in Washington will halt operations on August 20, 2024, due to regulatory issues.
SEC Chair Gary Gensler stated that the spot Ethereum ETF approval is progressing smoothly.
London, United Kingdom, 25th June 2024, Chainwire
Chicago, United States, 25th June 2024, Chainwire
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