Fidelity’s Spot Ether ETF is Listed on DTCC

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The Depository Trust and Clearing Corporation (DTCC) has added Fidelity Investments’ US spot Ethereum exchange-traded fund, named Fidelity Ethereum FD Beneficial INT, to its list of ETFs. The ETF can be found on the list under the ticker FETH.

The DTCC has identified the ETF as a domestic fund and has marked it as “N” under the create/redeem column, suggesting that it is not yet active.

The corporation has clarified that this list includes both active and pre-launch ETFs, and the inclusion of FETH does not imply any regulatory approval.

Currently, the DTCC has added proposed spot Ether ETFs from companies like VanEck, Franklin Templeton, and BlackRock to its list of ETFs. However, the corporation has reiterated that this addition is simply a standard procedure and does not indicate any potential regulatory approval.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.