BlackRock's Ethereum Spot ETF Moves Closer to Launch with DTCC Registration
CryptoNewsTerminal Staff24 May, 2024
BlackRock's Ethereum Spot ETF Moves Closer to Launch with DTCC Registration
BlackRock's Ethereum spot ETF has cleared a major regulatory hurdle, completing its registration with the Depository Trust and Clearing Corporation (DTCC) in the United States. This latest development brings BlackRock's Ethereum spot ETF, ticker ETHA, one step closer to launching. The DTCC registration signifies that the ETF has met the necessary operational, custodial, and settlement requirements set by the DTCC. This is a crucial step in the ETF's journey as it allows the ETF to trade on regulated exchanges and be accessible to a wider range of investors. BlackRock's Ethereum spot ETF has been highly anticipated by investors seeking exposure to Ethereum without the complexities of holding the cryptocurrency directly. With the completion of the DTCC registration, BlackRock's ETF is expected to launch soon, offering a convenient and regulated way to invest in Ethereum.
