Fidelity’s Proposed Spot Ethereum ETF Listed on DTCC

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Fidelity Investments’ Ethereum exchange-traded fund (ETF) for the US market has been recently listed on the Depository Trust and Clearing Corporation (DTCC)’s list of ETFs.

The fund, known as Fidelity Ethereum FD Beneficial INT, is represented by the ticker symbol FETH. According to the DTCC, the ETF has been classified as a domestic fund and labeled as “N” under the create/redeem column, indicating that it is not yet active.

The DTCC clarified that the list of ETFs includes both already active funds that can be processed by the corporation, as well as those that are still in the pre-launch stage and require further regulatory approvals. Notable proposals for spot Ether ETFs from VanEck, Franklin Templeton, and BlackRock have also been added to the list by the DTCC.

However, the DTCC has stated that this standard practice does not necessarily imply potential approval from regulatory bodies such as the SEC.