- Ethereum ETFs are undergoing SEC approval; trading is pending S-1 filings.
The Ethereum spot ETF from Fidelity is now available for trading on the Depository Trust and Clearing Corporation (DTCC) with the ticker $FETH.
The US Securities and Exchange Commission (SEC) approved spot Ethereum exchange-traded funds (ETFs) on May 23. This development follows that approval.
The DTCC lists BlackRock’s Ethereum fund, iShares Ethereum Trust, with the ticker $ETHA. The tickers for VanEck’s Ethereum ETF and Franklin Templeton’s Ethereum ETF are $ETHV and $EZET, respectively.
A significant step has been taken with the SEC accepting the 19b-4 forms for the spot Ethereum ETFs; nevertheless, trading won’t start until each ETF’s S-1 filing has been approved.
There are apparently ongoing discussions over the S-1 forms between the SEC and ETF issuers. On the other hand, estimates for the trade approval’s timeline vary widely, from weeks to months.
On May 23, VanEck was one of the first to file an altered S-1 form; BlackRock filed an updated S-1 today. Before a security may be made available to the public, the S-1 form acts as an initial registration document that needs to be submitted to the SEC.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
