Franklin Templeton lists Ethereum ETF, vies for SEC approval
Franklin Templetons Ethereum spot ETF is now listed on DTCC | Source: DTCC The listing does not imply approval from the U.S. Securities and Exchange Commission (SEC), which is still pending. Listing on the DTCC website signifies that the ETF has completed certain registration or compliance processes, making it eligible for trading and settlement within the DTCCs systems. The final approval, however, hinges on the SECs assessment against various regulatory standards. Franklin Templeton filed a Form S-1 with the SEC in February, seeking to launch a spot Ether (ETH) ETF. If approved, it would be traded as “Franklin Ethereum ETF” on the Chicago Board Options Exchange. However, in a recent update this April, the SEC announced a delay in its decision on the application, extending the review period by an additional 45 days to June 11. Industry heavyweights, including BlackRock, Grayscale, VanEck, and ARK Invest, are also contenders in the race to secure approval for their own spot in Ether ETFs. However, the prospects for these Ethereum-based ETFs gaining approval from the SEC appear to be different from those for spot Bitcoin ETFs, which received the green light in January. In March, Bloomberg ETF analyst Eric Balchunas assessed the likelihood of a spot Ether ETF being approved in