Gemini to Serve as Custodian for VanEck's Ethereum Spot ETF

IconCryptoNewsTerminal Staff23 Jul, 2024

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Gemini to Serve as Custodian for VanEck's Ethereum Spot ETF

VanEck, a leading provider of investment products, has selected Gemini, a regulated cryptocurrency exchange, as the custodian for its Ethereum spot exchange-traded fund (ETF), ETHV. This marks a significant milestone for the digital asset industry, as it provides investors with a secure and convenient way to gain exposure to Ethereum. Gemini has a proven track record in providing custody services for digital assets, having previously launched a Bitcoin spot ETP with VanEck. The exchange is committed to the highest standards of security and compliance, and its selection by VanEck is a testament to its reputation in the industry. The VanEck Ethereum Spot ETF (ETHV) is designed to provide investors with direct exposure to the price of Ethereum, without the need to hold the underlying asset themselves. This makes it an attractive option for investors who are looking to gain exposure to the cryptocurrency market without the complexities of owning and storing Ethereum. The ETF will be listed on Cboe BZX Exchange and will be available for trading to all eligible investors.

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