The process, which started with the approval of the spot Bitcoin ETF in January, continues with the approval of the Ethereum ETF. Now, while the SEC is expected to approve S-1 filings for spot ETH ETFs to open for trading, VanEck and 21 Shares have filed for spot Solana ETF.
While popular altcoins such as Solana (SOL), XRP and Liteceoin (LTC) are being discussed among the altcoin candidates that can receive ETF approval after Bitcoin and Ethereum ETFs, negotiations have begun for a surprise altcoin.
At this point, ETC Grants DAO, a non-profit, decentralized autonomous organization dedicated to supporting the Ethereum Classic (ETC) ecosystem, announced that they are in talks with VanEck to explore the possibility of an Ethereum Classic ETF.
Sharing from account X, ETC Grants DAO said that it is currently in talks with VanEck about the possibility of launching an ETC ETF/ETN.
However, DAO noted that it may take some time to reach the ETC ETF target.
“Exciting news!
ETC Grants DAO is currently in discussions with VanEck regarding the potential launch and feasibility of the Ethereum Classic (ETC) ETF/ETN.
This long-term goal may take time, but stay tuned for updates on this promising development.”
ETC, which ranks 26th in the CoinMarketCap rankings by market value, continues to trade at $ 20.9.
🚀🤝 Exciting news! The ETC Grants DAO is currently in discussions with VanEck regarding the potential launch of an Ethereum Classic (ETC) ETF/ETN and its feasibility. This long-term goal may take time, but stay tuned for updates on this promising development! #EthereumClassic… pic.twitter.com/R5KWXsnoYr
— ETCGrantsDao (@ETCGrantsDao) July 12, 2024
*This is not investment advice.