Fund manager VanEck filed another form with the U.S. Securities and Exchange Commission (SEC) on Tuesday, marking progress toward a spot Ethereum exchange-traded fund (ETF).
VanEck did submit 8-A form for its Ethereum product – a move that signifies the registration for issuers to trade on an exchange once the product is approved.
VanEck’s move comes days after competing companies filed amended registration statements known as S-1s (or S-3s in the case of Grayscale looking to convert its Ethereum Trust into an ETF).
The SEC approved form 19b-4 for eight Ethereum ETFs last month, although the regulator still needs to authorize effective registration statements before trading begins. Previously, companies competing for spot Bitcoin ETFs filed Form 8-As about a week before those products began listing and trading following SEC approval.
Bloomberg ETF senior analyst Eric Balchunas said VanEck’s move to file a Form 8-A is “just part of the process,” in post on X on Tuesday.
“…it should be noted they filed an 8-A for spot Bitcoin exactly 7 days before launch,” Balchunas added. “Good sign for our July 2nd (7 days from now). But again, anything can happen. We will certainly receive more information soon.”
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According to The Block
