Fidelity's spot ether ETF appears on DTCC under ticker FETH – The Block

Fidelity Investments’ US Spot Ethereum exchange-traded fund has been added to the American Depository Clearing Corporation’s list of ETFs.

The fund, named Fidelity Ethereum FD Beneficial INT, list under the ticker FETH. Although DTCC has designated the ETF as a domestic fund, in the creation/redemption column FETH is marked with an “N,” which seems to indicate that it is not yet active.

“The file includes both active ETFs that can be processed by DTCC and ETFs that are not yet active (‘pre-launch’) and therefore cannot be processed by DTCC unless such securities receive all necessary regulatory and other approvals,” DTCC noted.

DTCC has previously added spot Ethereum ETFs from VanEck, Franklin Templeton and BlackRock to its list of ETFs, but the SEC-registered securities clearing house previously told The Block that it would not add them to the list. “Standard Practice” It does not imply regulatory approval.

Last week, the U.S. Securities and Exchange Commission Eight 19b-4 approvals BlackRock, Fidelity, Grayscale, Bitwise, VanEck, ARK Invest, Invesco Galaxy and Franklin Templeton have all filed registration forms for spot Ethereum ETFs. The preliminary approval means the companies will need to get their S-1 registration statements approved by regulators before the funds can operate.

Fidelity filed an amended S-1 form last week, while BlackRock, whose spot bitcoin ETF recently became the largest of its kind, filed an amended registration statement on Wednesday.

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