The United States Securities Exchange and Securities Commission (SEC) has approved the VanEck Ethereum exchange-traded fund (ETF), marking a huge milestone for the market.

The Notice of Effectiveness of the ETF was filed on July 22 under the form S-1 and aims to provide investors with a regulated means of gaining exposure to Ether (ETH) in the US.

The approval follows a series of filing and amendments submitted to the SEC, reflecting a long line of regulatory scrutiny as the global investment manager pushes the ETF through.

Related: Grayscale’s spot Ether ETFs launch on New York Stock Exchange

The approval and key filings

VanEck began pushing for the Ethereum ETF with its initial registration filing on May 7, 2021, revealing prolonged efforts and delays to meet the regulatory standards required for its approval.

Essential filings that led up to the approval include the Prospectus under Rule 424(b)(3) and multiple amendments to the S-1 form as the firm adjusted to SEC compliance requirements.

The S-1 form is required by the SEC for companies planning their first public securities offering, while the Rule 424(b)(3) prospectus provides final offering details after the S-1 is effective.

Related: Grayscale transfers $1B in ETH to Coinbase ahead of Ether ETF launch

This is a developing story, and further information will be added as it becomes available.