DTCC Adds VanEck Spot Ether ETF
VanEck, a global investment manager, has had its US spot Ethereum exchange-traded fund (ETF) added to the Depository Trust and Clearing Corporation’s list of ETFs on its website.
The DTCC, a provider of post-trade clearance, settlement, custody, and information services, was reportedly added to the Nasdaq.
However, this listing should not be misconstrued as the launch of the Ether ETF as it is still pending regulatory approval from the US Securities and Exchange Commission. On the DTCC’s list, VanEck’s spot Ether ETF is marked as “N,” indicating that it is not yet active.
The DTCC clarified that the list consists of both active ETFs that can be processed and those still awaiting necessary regulatory and other approvals, known as “pre-launch” ETFs.
These pre-launch ETFs cannot be processed at the DTCC until they have received all required approvals, according to the DTCC.
