VanEck's Spot Ethereum ETF Listed On DTCC As SEC Decision Looms
Portfolio Pulse from Murtuza Merchant
VanEck's spot Ethereum ETF has been listed on the DTCC under the ticker symbol 'ETHV,' a critical step before potential SEC approval. The SEC's recent request for amended filings has raised approval chances to 75%. Other firms like BlackRock and Grayscale have also submitted revised filings.
May 22, 2024 | 6:17 pm
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BlackRock has filed an updated 19b-4 form for its spot Ethereum ETF following the SEC's request for amendments. This move is part of a broader trend of increased regulatory activity around Ethereum ETFs.
BlackRock's updated filing is part of a broader regulatory trend, which could positively impact its ETF approval chances.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
VanEck's spot Ethereum ETF has been listed on the DTCC, a necessary step before SEC approval. The SEC's recent request for amended filings has increased the likelihood of approval to 75%.
The listing on DTCC is a critical step before SEC approval. The SEC's request for amended filings is seen as a positive sign, increasing the likelihood of approval.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Grayscale has submitted a revised 19b-4 file for its Ethereum Mini Trust, following the SEC's request for amendments. This indicates a proactive approach to regulatory compliance.
Grayscale's revised filing shows a proactive approach to meeting regulatory requirements, which could positively impact its approval chances.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60