Fidelity's Ethereum ETF Added to DTCC's List of ETFs

• Fidelity's U.S. spot ethereum ETF added to DTCC's list under ticker FETH.
• DTCC designates FETH as domestic fund, not yet active for processing.
• DTCC includes proposed spot ether ETFs from VanEck, Franklin Templeton, BlackRock.
• SEC approved 19b-4 forms for spot ether ETFs from eight firms.
• Fidelity and BlackRock filed amended S-1 forms for ETF approval.
• Disclaimer: The Block is independent media outlet providing crypto industry news.

Summary :
Fidelity Investments' U.S. spot ethereum exchange-traded fund (ETF) has been added to the Depository Trust and Clearing Corporation's (DTCC) list of ETFs. The fund, called Fidelity Ethereum FD Beneficial INT, is listed under the ticker FETH. While the ETF is designated as a domestic fund by the DTCC, it is marked as "N" under the create/redeem column, indicating that it is not yet active. The DTCC clarified that the list includes both active ETFs and those that are not yet active, pending necessary regulatory approvals. The DTCC has previously added proposed spot ether ETFs from VanEck, Franklin Templeton, and BlackRock to its list. However, the DTCC stated that the addition of Fidelity's ETF is a standard practice and does not imply regulatory approval. Last week, the U.S. Securities and Exchange Commission approved 19b-4 forms for spot ether ETFs from various firms, including Fidelity and BlackRock. These firms still need to have their S-1 registration statements approved by the regulator for the funds to go live. Fidelity recently filed its amended S-1 form, while BlackRock filed its amended registration statement. It's important to note that The Block, the source of this information, is an independent media outlet and provides objective news, research, and data about the crypto industry.

Sources :

- TheBlock