Global investment management company VanEck’s application for an Ethereum spot ETF has been added to the ETF list on the Depository Trust & Clearing Corporation (DTCC) website. However, this listing is just part of the preparation process and does not mean that VanEck’s Ethereum ETF has been fully launched, as the fund is still awaiting regulatory approval from the U.S. Securities and Exchange Commission (SEC).
In the creation/redemption column of the list, VanEck’s Ethereum spot ETF is marked as “N,” which may indicate that the fund has not yet been activated.
The SEC-registered securities clearing company has assigned the stock code for VanEck’s Ethereum spot ETF as “ETHV.” The Ethereum spot ETF of financial firm Franklin Templeton is also listed on the DTCC list with the code EZET, reportedly occurring last month.
According to previous reports by Zombit, the SEC has requested exchanges seeking potential Ethereum spot ETF listings to expedite the updating of 19b-4 filings, a sign that the regulatory agency is trying to accelerate the process.