Fidelity's Ethereum spot ETF has been officially listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker symbol $FETH. This announcement closely follows the US Securities and Exchange Commission's (SEC) approval of spot Ethereum exchange-traded funds (ETFs) on May 23.
Fidelity’s Ethereum spot ETF is now listed onDTCC
Alongside Fidelity, BlackRock's Ethereum fund, iShares Ethereum Trust, is listed under the ticker $ETHA, while VanEck's Ethereum ETF is listed as $ETHV and Franklin Templeton's as EZET.
The SEC's acceptance of the 19b-4 forms for the spot Ethereum ETFs marks a significant milestone. However, the commencement of trading is pending the approval of each ETF's S-1 filing.
Discussions between the SEC and ETF issuers regarding the S-1 forms are ongoing. However, the timeline for trading approval remains uncertain, with estimates ranging from weeks to months.
VanEck was among the first to submit an amended S-1 form on May 23, with BlackRock subsequently updating its S-1 filing. The S-1 form acts as an initial registration document required by the SEC before a security can be offered to the public.