The ticker for the Invesco QETH spot Ethereum ETF has appeared on the DTCC website.
The appearance of spot Bitcoin ETF tickers before their approval was a reason for a pump (when it was perceived as a signal for approval) and a dump (when it turned out that this was just a technical issue and not a guarantee of approval).
Let us remind you that Depository Trust & Clearing Corporation clears transactions on NASDAQ. Adding a ticker symbol to the DTCC website is part of the process of bringing an ETF to market. And the DTCC list includes active and potential (!) ETFs. Without giving the latter a 100% chance of approval and listing.
In the case of spot Ethereum ETFs, the situation is different - they have already been approved and we are only talking about bureaucratic procedures in the S-1 form. Therefore, in this case, the news is more likely that the process is underway, market players are preparing for the emergence of a new instrument, while issuers and the US SEC are settling the final issues.
Please remember that tomorrow, June 14, the SEC may comment on Forms S-1 prepared by issuers. We may see increased volatility in the market due to this topic. Issuers were expecting comments by last Friday, but the regulator is in no hurry yet.
