{"id":166398,"date":"2024-05-22T12:56:47","date_gmt":"2024-05-22T12:56:47","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=166398"},"modified":"2024-05-22T12:56:50","modified_gmt":"2024-05-22T12:56:50","slug":"ethereum-etf-nears-approval-vanecks-fund-listed-on-dtcc","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/ethereum-etf-nears-approval-vanecks-fund-listed-on-dtcc\/","title":{"rendered":"Ethereum ETF Nears Approval: VanEck\u2019s Fund Listed on DTCC"},"content":{"rendered":"<p style=\"text-align: justify\"><span style=\"font-weight: 400\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li style=\"font-weight: 400\"><b>VanEck Ethereum ETF Moves Forward After DTCC Listing<\/b><span style=\"font-weight: 400\">, although it awaits approval from the SEC for its full launch.<\/span><span style=\"font-weight: 400\">\n<p><\/span><\/li>\n<li style=\"font-weight: 400\"><b>Designated as &#8220;N&#8221; on the DTCC listing, the ETF is not yet active<\/b><span style=\"font-weight: 400\">, and is in a preliminary stage subject to regulatory approvals.<\/span><span style=\"font-weight: 400\">\n<p><\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The update request to US companies by the SEC <\/span><b><b><b>has generated optimism in the community.<\/b><\/b><\/b><br \/>\n<hr \/>\n<p><b><b><\/b><\/b><\/li>\n<\/ul>\n<p style=\"text-align: justify\"><b>VanEck <a href=\"https:\/\/crypto-economy.com\/ethereum-staking\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a> ETF moves toward full launch after being <a href=\"https:\/\/www.dtcc.com\/products\/cs\/exchange_traded_funds_plain_new.php\" target=\"_blank\" rel=\"noopener\">listed<\/a> by the Depository Trust and Clearing Corporation (DTCC),<\/b><span style=\"font-weight: 400\"> an American financial infrastructure company. This is a huge step forward in the ETF launch process, although <\/span><b>It is still pending regulatory approval by the SEC.<\/b><!--more--><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">VanEck&#8217;s financial product, which carries the ticker &#8220;ETHV&#8221;, <\/span><b>has been designated as &#8220;N&#8221; under the &#8220;create\/redeem&#8221; column on the DTCC list,<\/b><span style=\"font-weight: 400\"> Indicating that it is not<\/span><b> yet active<\/b><span style=\"font-weight: 400\">. The ETF is in a preliminary stage and its full launch depends on obtaining all the necessary regulatory approvals.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">The announcement of the ETF&#8217;s inclusion in the DTCC list appears in the midst of the haze generated by the SEC regarding ETH ETFs and other cryptocurrencies. <\/span><b>VanEck and other financial industry giants, such as BlackRock and Fidelity, are also competing for a place in the market.<\/b><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-75962\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2023\/12\/ETH-ETF.jpg\" alt=\"ethereum etf\" width=\"825\" height=\"300\" \/><\/p>\n<h2><span style=\"font-weight: 400\">Approval of Ethereum ETFs Could Be On Track<\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Recently, the SEC asked US companies to<\/span><b> update and resubmit its applications<\/b><span style=\"font-weight: 400\"> of ETFs. This has only generated optimism in the community. Some analysts interpret this as<\/span><b> a positive sign that approval could be on the way.<\/b><span style=\"font-weight: 400\"> However, a final decision is expected to take time, as the agency may choose to carefully review applications before making a decision.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Both VanEck&#8217;s Ethereum ETF and those of the other issuers that have applied are a sign of the growing adoption of cryptocurrencies in traditional financial markets. If approved, <\/span><b>it would provide <a href=\"https:\/\/crypto-economy.com\/investing-in-cryptocurrencies\/\" target=\"_blank\" rel=\"noopener\">investors<\/a> with an easier and more regulated way to access the Ethereum market,<\/b><span style=\"font-weight: 400\"> which could attract more institutional capital to the crypto market.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">All investors in both the crypto and financial industries are attentive to the next steps in the ETF launch process. Its approval or rejection will likely have a strong impact on the crypto ecosystem.<\/span><\/p>\n<p style=\"text-align: justify\">\n","protected":false},"excerpt":{"rendered":"<p>TL;DR VanEck Ethereum ETF Moves Forward After DTCC Listing, although it awaits approval from the SEC for its full launch. Designated as &#8220;N&#8221; on the DTCC listing, the ETF is not yet active, and is in a preliminary stage subject to regulatory approvals. The update request to US companies by the SEC has generated optimism &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Ethereum ETF Nears Approval: VanEck\u2019s Fund Listed on DTCC\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/ethereum-etf-nears-approval-vanecks-fund-listed-on-dtcc\/#more-166398\" aria-label=\"More on Ethereum ETF Nears Approval: VanEck\u2019s Fund Listed on DTCC\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":166401,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73,70,74],"tags":[4620,4656,4924,4679,4816,4986],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166398"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=166398"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166398\/revisions"}],"predecessor-version":[{"id":166402,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/166398\/revisions\/166402"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/166401"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=166398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=166398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=166398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}