VanEck’s Ethereum ETF Approval Takes Shape As Ethereum ETF Gets Listed On DTCC

The Depository Trust and Clearing Corporation (DTCC) has officially listed VanEck’s Ethereum ETF under the ticker symbol “ETHV”. This is a significant step in receiving a final Ethereum ETF Approval from the U.S. Securities and Exchange Commission (SEC).

VanEck’s Ethereum ETF has not yet been activated on the DTCC website and hence, processing is not possible until regulatory clearances are received.

Are Ether ETFs The Only One To Be Listed On DTCC? 

Ethereum ETF is not the first one to be listed on DTCC. 

Here’s a list of the others that are already a part of it- 

• Franklin Templeton’s spot ETH ETF was listed in April
• DTCC includes both activated and unactivated ETFs that cannot be processed. 

The New York Stock Exchange and Options Exchange will update and modify current spot Ether ETF applications.

Suggested Read: 5 Reasons For Ethereum ETF To Be Approved In May 2024 

Political factors are thought to have played a role in the SEC’s recent positional shift, with cryptocurrencies becoming successful in the world of politics in recent months. Keeping in mind the upcoming US elections, former president Donald Trump’s support for cryptocurrencies is said to have forced the Biden administration to reconsider its stance.

The final date for the SEC’s decision is May 23 in regard to Ethereum ETF Approval. 

Hence, what the future holds for Ethereum ETF Approval is what the whole crypto world and the team of ReadingCrypto are interested in. 

Happy Learning! 

Disclaimer: This post is intended solely for informational purposes and should not be taken as legal, tax, investment, financial, or any other form of advice. Although all the information provided is true to the best of our knowledge, it is advisable to research well before making any kind of investments or decisions in general. The team of ReadingCrypto bears no responsibility in the event of any adverse outcomes.