VanEck Files 8-A Form For Spot Ethereum ETF
VanEck filed for an 8-A form Tuesday morning in hopes of successfully securing their spot Ethereum (ETH) ETF approval, according to a new filing with the SEC.
If approved, the 8-A form would grant the investment management firm’s clients the ability to trade products on the exchange following spot ETH approval.
VanEck just filed 8-A form for spot Eth, which is just part of process, but.. should be noted that they filed their 8-A for spot bitcoin exactly 7 days before launch. Good sign for our July 2nd over/under (7 days from now). But again, anything poss. Sure we'll hear more soon.. https://t.co/2BlkDnWhrz
— Eric Balchunas (@EricBalchunas) June 25, 2024
Senior Bloomberg ETF Analyst Eric Balchunas said in a June 25 X post that while the filing is “just a part of the process,” it could signal a potential timeline for the SEC’s actual approval date as VanEck filed the same form “exactly 7 days before” the launch of spot Bitcoin ETFs in January.
“Good sign for our July 2nd over/under (7 days from now),” Balchunas stated. “But again, anything poss. Sure we’ll hear more soon.”
News of the VanEck filing comes just one day after the company’s CEO James van Eck posted a photo to X prominently featuring a photo of SEC Chair Gary Gensler with the caption: “Guess where I’m starting my week?”
Guess where I’m starting my week? pic.twitter.com/Wxch18E41W
— Jan van Eck (@JanvanEck3) June 24, 2024
In a statement following the approval of spot Bitcoin ETFs in January, Gensler claimed the decision “should in no way signal the Commission’s willingness to approve listing standards for crypto asset securities,” prompting spot ETH ETF speculation by the crypto community at large.
In Senate testimony earlier this month, however, Gensler
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