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Franklin Templeton Launches Ethereum Spot ETF, Listed on DTCC

The listing of Franklin Templeton's Ethereum spot ETF on the DTCC website must confirm approval of the S-1 filing submitted to the United States Securities and Exchange Commission (SEC) for a spot Ether ETF.

  • Franklin Templeton has launched its Ethereum spot ETF, "Franklin Ethereum TR Ethereum ETF," now listed on the DTCC website.
  • Despite historical postponements by the SEC on Ethereum ETF decisions, the listing of Franklin Templeton’s ETF suggests progress, even as other pending Ether ETF applications await final decisions by May.

Asset management firm Franklin Templeton has launched its Ethereum exchange-traded fund (ETF), named the “Franklin Ethereum TR Ethereum ETF” and identified by the ticker EZET. This Ethereum spot ETF is now listed on the Depository Trust and Clearing Corporation (DTCC) website, a key venue for securities transactions in the United States.

Exchange Traded Funds - Active and Pre-Launch. Source: DTCC

However, the DTCC listing EZET does not mean the United States Securities and Exchange Commission (SEC) has approved the S-1 filing. The DTCC website typically lists securities eligible for trading and settlement within its system, including ETFs that have fulfilled certain registration or compliance requirements.

In the past, the SEC has repeatedly postponed decisions on Ethereum ETFs. Most recently, on March 20, the regulator extended the review period for spot Ethereum ETF applications from Hashdex and Ark 21Shares until late May, and it is expected to decide on the VanEck spot ETH ETF by May 23.

Earlier this month, the SEC opened a 21-day comment window for the spot Ethereum ETF proposals by Grayscale Investments, Fidelity, and Bitwise. However, industry experts believe that it's unlikely for ether ETFs to receive approval by their May deadline.  

Edited by Harshajit Sarmah