BlackRock's Ethereum spot ETF listed on DTCC under ticker $ETHA
BlackRock’s spot Ethereum ETF has been listed on the Depository Trust and Clearing Corporation (DTCC) with the ticker symbol $ETHA. The listing follows the US Securities and Exchange Commission’s (SEC) approval of eight spot Ethereum exchange-traded funds (ETFs).
BlackRock’s spot
Ethereum ETF on DTCC
The SEC filings list eight Ethereum ETFs from VanEck, Fidelity, Franklin, Grayscale, Bitwise, ARK Invest 21Shares, Invesco Galaxy, and BlackRock’s iShares Ethereum Trust, proposed for listing on Nasdaq, NYSE Arca, and the Cboe BZX Exchange, as reported by Crypto Briefing.
Although the SEC has approved the 19b-4 forms associated with these ETFs, trading will remain on hold until the SEC approves each ETF’s S-1 filing. The timeline for this approval process varies, with estimates ranging from a few weeks to several months.
“This does not mean they will begin trading tomorrow. This is just 19b-4 approval. Also needs to be an approval on the S-1 documents which is going to take time. We’re expecting it to take a couple weeks but could take longer,” Bloomberg ETF analyst James Seyffart shared.
The SEC has reportedly begun discussions with ETF issuers regarding S-1 forms. Seyffart suggests that the SEC’s approval of the S-1 filings could take up to five months, after which trading of the spot Ethereum ETFs can commence.
“Typically this process takes months. Like up to 5 months in some examples but [Eric Balchunas] and I think this will be at least somewhat accelerated,” he added.
An SEC spokesperson declined to comment on the recent approval.
Briefly after the approval, asset manager VanEck submitted the amended S-1 form to the SEC. The firm also released a 37-second advertisement to celebrate the landmark approval, inviting viewers to “Enter the ether.”
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
The Atlantic: How Will Cryptocurrency Trigger the Next Financial Crisis?
Bitcoin fell below $90,000, and the cryptocurrency market lost $1.2 trillions in six weeks. Stablecoins, criticized for disguising risks as safety, have been identified as potential triggers for a financial crisis, and the GENIUS Act could increase these risks. Summary generated by Mars AI. This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.

Bitcoin Surrenders Early as Market Awaits Nvidia’s Earnings Report Tomorrow
Global risk assets have experienced a significant decline recently, with both the US stock market and the cryptocurrency market plunging simultaneously. This is mainly due to investor fears of an AI bubble and uncertainty surrounding the Federal Reserve's monetary policy. Concerns over the AI sector intensified ahead of Nvidia's earnings report, while uncertainty in macroeconomic data further increased market volatility. The correlation between Bitcoin and tech stocks has strengthened, leading to split market sentiment, with some investors choosing to wait and see or buy the dip. Summary generated by Mars AI. The accuracy and completeness of the content generated by the Mars AI model are still being iteratively improved.

Recent Market Analysis: Bitcoin Falls Below Key Support Level, Market on High Alert, Preparing for a No Rate Cut Scenario
Due to the uncertainty surrounding the Federal Reserve’s decision in December, it may be wiser to act cautiously and control positions rather than attempting to predict a short-term bottom.

If HYPE and PUMP were stocks, they would both be undervalued.
If these were stocks, their trading prices would be at least 10 times higher, if not more.
