VanEck files Form 8-A as path towards a spot Ethereum ETF presses on
Quick Take VanEck filed a Form 8-A on Tuesday morning for its Ethereum product — a move that signifies registration that allows issuers to trade on an exchange once the product has been approved. Previously firms that were vying for a spot bitcoin ETF filed Form 8-As about a week before those products began listing and trading after getting approval from the SEC.
Fund manager VanEck filed another form to the U.S. Securities and Exchange Commission on Tuesday, marking progress towards a spot Ethereum exchange-traded fund.
VanEck filed a Form 8-A for its Ethereum product — a move that signifies registration that allows issuers to trade on an exchange once the product has been approved.
This comes a few days after firms vying for such a product filed amended registration statements called S-1s (or S-3, in the case of Grayscale , which is seeking to convert its Ethereum Trust to an ETF).
The SEC approved 19b-4 forms for eight Ethereum ETFs last month, though the regulator still has to allow the registration statements to become effective before trading can begin. Previously firms that were vying for a spot bitcoin ETF filed Form 8-As about a week before those products began listing and trading after getting approval from the SEC.
Senior Bloomberg ETF analyst Eric Balchunas said VanEck's move to file Form 8-A was "just part of [the] process," in a post on X on Tuesday.
"... should be noted that they filed their 8-A for spot bitcoin exactly 7 days before launch," Balchunas added. "Good sign for our July 2nd over/under (7 days from now). But again, anything poss. Sure we'll hear more soon."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP’s 16-Day $3 Surge Sparks Hopes of Breaking All-Time Highs
Trump turns on ‘buddy’ Putin over Ukraine, says he’ll slap Russia with sanctions now
Share link:In this post: Trump warned he may hit Russia with new sanctions after fresh missile attacks on civilians. Trump met with Zelenskyy in Rome and called the meeting productive, but gave no full details. Trump offered a peace deal that includes recognizing Crimea as Russian territory, which Zelenskyy rejected.
Trump’s economic and geopolitical failures took center stage at Pope Francis’ funeral
Share link:In this post: Trump’s economic and diplomatic tensions took over the spotlight at Pope Francis’ funeral. Trump met briefly with Zelenskyy, Macron, and Starmer during the service but made little progress. Trump skipped a second meeting with Zelenskyy and left Rome quickly after the Mass.
Elon Musk and Nobel laureates call for investigation into OpenAI’s nonprofit mission
Share link:In this post: Elon Musk called OpenAI restructuring plan the “scam of the century” after experts oppose it. Legal and AI experts have called on Attorneys General of Delaware and California to OpenAI core mission as a non-profit. Concerns about Open AI deviating from its non-profit origins is not limited to Musk.
Trending news
MoreCrypto prices
More
