VanEck’s proposed spot ether ETF added to DTCC website | Headlines | News | CoinMarketCap
05/22/2024 09:34Global investment manager VanEck’s U.S. spot ethereum exchange-traded fund has been added to the Depository Trust and Clearing Corporation’s list of …
Global investment manager VanEck’s U.S. spot ethereum exchange-traded fund has been added to the Depository Trust and Clearing Corporation’s list of ETFs on its website. The DTCC is a provider of post-trade clearance, settlement, custody and information services, according to the Nasdaq.
However, the listing is part of the preparation process and does not mean that the company’s ether ETF has been fully launched, as the fund is still pending regulatory approval from the U.S. Securities and Exchange Commission. Under the list’s create/redeem column, VanEck’s spot ether ETF is marked as “N,” which may indicate that it is not yet active.
“This file includes both active ETFs that may be processed at DTCC and ETFs that are not yet active ("pre launch") and, therefore, are not able to …