Approval of the S-1 filing by the SEC is still pending for the Ethereum ETF. $ETHA is the ticker for BlackRock’s Ethereum spot ETF on the DTCC market.
A spot Ethereum ETF managed by BlackRock has been added to the DTCC’s list of ETFs with the ticker code $ETHA. Following the approval of eight spot Ethereum exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC), the listing follows.
According to Crypto Briefing’s reporting, eight Ethereum ETFs—including VanEck, Fidelity, Franklin, Grayscale, Bitwise, ARK Invest & 21Shares, Invesco & Galaxy, and BlackRock’s iShares Ethereum Trust—are included in the SEC filings and are planned to be listed on Nasdaq, NYSE Arca, and the Cboe BZX Exchange.
Despite the SEC’s approval of the 19b-4 forms linked to these ETFs, trading will not resume until the SEC validates the S-1 file for each ETF. Time estimates for this clearance procedure range from a few weeks to many months, however, they do vary.
They won’t start trading tomorrow just because of this. This permission only pertains to 19b-4. The S-1 paperwork also need approval, which is a time-consuming process. It could take more time than expected, according to Bloomberg ETF analyst James Seyffart, but they are estimating a couple of weeks.
In regards to S-1 forms, the SEC allegedly started talking to ETF issuers. Seyffart estimates that the spot Ethereum ETFs’ trading may begin as late as five months after the SEC approves the S-1 filings.
“It usually takes months for this to happen. That may take as long as five months in some cases, but I have a feeling that [Eric Balchunas] and I can speed things up a bit.”
Regarding the latest green light, an SEC representative would not comment. Asset manager VanEck sent the SEC the revised S-1 form not long after the clearance. In addition, the company launched a 37-second commercial urging people to “Enter the ether” in honor of the historic permission.
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