VanEck’s Ethereum ETF Receives SEC Approval After Three-Year Review

The VanEck Ethereum exchange-traded fund (ETF) has officially received approval from the U.S. Securities and Exchange Commission (SEC) after three years of filings. This important milestone allows investors in the United States to gain regulated exposure to Ether, or ETH, a major cryptocurrency. The SEC’s approval came through a Notice of Effectiveness filed on July 22, indicating that VanEck has met the required standards for the ETF.

VanEck’s journey to obtain this approval began with its initial registration filing on May 7, 2021. Since then, the company has submitted numerous documents and amendments to the SEC, demonstrating their commitment to meeting regulatory requirements. Notably, essential documents included the S-1 form, which is required for any firm planning its first public securities offering, and a detailed Prospectus under the SEC Rule 424(b)(3) that provided final offering details.

In recent weeks, additional amendments were filed to finalize the listing and trading process for the ETF shares. While there are no specified launch dates for when the ETFs will start trading in the U.S., both VanEck and the crypto investment firm 21Shares indicated that the Ethereum ETFs could launch shortly after the effective date. Meanwhile, Grayscale, another digital asset management firm, has launched its own spot Ether ETFs following SEC approval, further expanding options for investors interested in Ether in the U.S. market.