Franklin Templeton, a prominent financial services company, has officially listed its new Ethereum (ETH) exchange-traded fund (ETF) on the Depository Trust and Clearing Corporation (DTCC). The DTCC, established in 1999, is a post-trade financial services firm that offers clearing and settlement services for various markets. On its products offering page, the DTCC has included Ethereum-based exchange-traded products (ETPs) from major financial institutions, including Franklin Templeton’s Ethereum TR Ethereum ETF (EZET). It’s important to note that being listed on the DTCC does not guarantee regulatory approval for the ETF.

In recent months, Franklin Templeton and other firms, such as BlackRock, Hashdex, Bitwise, and ARK Invest, have submitted applications to the U.S. Securities and Exchange Commission (SEC) to create ETFs based on the spot market value of Ethereum. However, the SEC announced in March that it needed more time to consider the matter and postponed its decision until the end of May. Bloomberg ETF analyst Eric Balchunas expressed doubts about the chances of the SEC approving a spot market ETH ETF, stating that the SEC has not provided any comments to the issuers, which is unusual.

It’s worth mentioning that Franklin Templeton and other firms had their applications to create Bitcoin (BTC) ETFs based on the spot market value approved by the SEC in January. Franklin Templeton CEO Jenny Johnson emphasized that Bitcoin is just one of the many opportunities available in the digital assets space. While awaiting regulatory decisions, investors are advised to conduct thorough research and exercise caution when investing in high-risk assets like Bitcoin, cryptocurrency, or digital assets. The Daily Hodl does not provide investment advice and recommends that individuals consult with a professional before engaging in any buying or selling activities.