According to BlockBeats, ETC Grants DAO, a non-profit decentralized autonomous organization (DAO) that provides funding for ETC developers, announced on July 12 that it is currently in discussions with ETF issuer VanEck about the possibility and feasibility of launching an Ethereum Classic (ETC) ETF/ETN. Although achieving this long-term goal may take some time, the organization is committed to exploring all options.

ETC Grants DAO is a non-profit organization that aims to support ETC developers by providing them with necessary funding. The organization's discussions with VanEck, a prominent ETF issuer, could potentially lead to the launch of an Ethereum Classic ETF/ETN, which would be a significant development for the ETC community.

However, the organization has cautioned that achieving this goal may require a considerable amount of time. Despite the potential challenges, ETC Grants DAO remains committed to exploring the feasibility of this initiative and will continue to engage in discussions with VanEck.

This development comes as part of ETC Grants DAO's broader efforts to support the ETC community and promote the adoption of Ethereum Classic. The potential launch of an Ethereum Classic ETF/ETN would provide investors with a new way to gain exposure to this digital asset, potentially boosting its visibility and adoption.