Fund manager VanEck filed another form to the U.S. Securities and Exchange Commission on Tuesday, marking progress towards a spot Ethereum exchange-traded fund.

VanEck filed a Form 8-A for its Ethereum product — a move that signifies registration that allows issuers to trade on an exchange once the product has been approved.

This comes a few days after firms vying for such a product filed amended registration statements called S-1s (or S-3, in the case of Grayscale, which is seeking to convert its Ethereum Trust to an ETF).

The SEC approved 19b-4 forms for eight Ethereum ETFs last month, though the regulator still has to allow the registration statements to become effective before trading can begin. Previously firms that were vying for a spot bitcoin ETF filed Form 8-As about a week before those products began listing and trading after getting approval from the SEC.

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Senior Bloomberg ETF analyst Eric Balchunas said VanEck's move to file Form 8-A was "just part of [the] process," in a post on X on Tuesday.

"... should be noted that they filed their 8-A for spot bitcoin exactly 7 days before launch," Balchunas added. "Good sign for our July 2nd over/under (7 days from now). But again, anything poss. Sure we'll hear more soon."