Exchange NYSE Arca confirmed that it has approval to list and trade spot Ethereum exchange-traded funds from firms Grayscale and Bitwise, according to the latest filings.
"The NYSE Arca certifies its approval for listing and registration of the common units of fractional undivided beneficial interest of Grayscale Ethereum Trust (ETH), under the Exchange Act of 1934," the exchange wrote in a document filed to the U.S. Securities and Exchange Commission.
The exchange also sent a similar document for the Bitwise Ethereum ETF.
Issuers vying for a spot Ethereum ETF will still have to wait for the SEC to allow for registration statements to go effective as part of a two-step process. The agency approved 19b-4 forms in May as part of that first step. Bloomberg Senior ETF Analyst Eric Balchunas previously said he heard firms would "request effectiveness" on Monday. Balchunas and other sources have also said they expect the ETFs to begin trading on Tuesday.
Exchange Cboe, where many of the proposed Ethereum ETFs are set to trade, disclosed last week that those will begin trading on Tuesday as well. These include the Fidelity Ethereum Fund, the Franklin Ethereum ETF, the Invesco Galaxy Ethereum ETF, the VanEck Ethereum ETF and the 21Shares Core Ethereum ETF.
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