Gemini Is Proud To Be the Custodian for VanEck’s Spot Ethereum ETP

VanEck took an early lead in the mission to bring spot bitcoin ETPs (exchange-traded products) to market, and now the investment management firm is doing the same with spot ethereum ETPs. Today, Gemini is proud to announce we will operate as the custodian for VanEck’s highly anticipated spot ether ETP, VanEck Ethereum ETF (Ticker: ETHV), just months after joining forces with VanEck for a spot bitcoin ETP.

A Landmark Offering

In 2013, Gemini founders Cameron and Tyler Winklevoss laid the groundwork for crypto ETFs by applying with the SEC for a bitcoin fund. More than a decade later, Gemini is still pushing to help increase crypto adoption.

The launch of ETHV marks a key milestone for the crypto industry after the SEC approved spot ether ETPs in May. VanEck has been instrumental over the past few years in the ongoing dialogue around bringing spot crypto ETPs to market and consistently filing applications to drive the process forward. As one of the first to list these financial products in the US, VanEck and Gemini have made a shared commitment to providing access to secure and compliant crypto products.

ETHV is now available to trade on the Cboe BZX Exchange.

Supported by Gemini’s Regulatory Expertise

Gemini Fund Solutions (GFS) offers a wide range of comprehensive solutions tailored specifically for crypto ETFs and funds. These services include custody, clearing/settlement, trading, and other capital markets functions.

This includes maintaining robust financial and security compliance standards, demonstrated by completing SOC 1 Type 2 and SOC 2 Type 2 examinations certified by Deloitte. Additionally, assets held with Gemini Trust Company are fully segregated for the benefit of fund owners.

The launch of the VanEck spot ethereum ETP is a monumental advancement for the digital assets space, and we’re excited to be building on our partnership with VanEck to increase crypto adoption.

Onward and Upward!

Team Gemini