Franklin Templeton launched an Ethereum ETF, called the “Franklin Ethereum TR Ethereum ETF,” The ticker code for EZET is a.
Ethereum ETF spot has been launched listed On the Depository Trust and Clearing Corporation’s website you can conduct securities transactions.
Listing on DTCC “Create/Redeem” A column indicates the ETF can now be created and redeemed, marking a key step in its operation.
This listing is not an indication of approval by the U.S. Securities and Exchange Commission.
List the ETF on the DTCC Website to show that it has met certain requirements for registration.
However, the final approval depends on SEC’s evaluation against different regulatory standards.
Franklin Templeton filed The SEC filed a Form S-1 in February to seek approval for the launch of a spot Ether ETF. The ETF would trade as “Franklin Ethereum ETF” Chicago Board Options Exchange
In a new update released in April this year, the SEC announced a delay In its decision, the Board extended the period of review by 45 additional days until June 11,
Heavyweights in the industry include BlackRock, GrayscaleVanEck Invest and ARK Invest also compete for the approval of their respective securities. own Ether ETFs that are currently available.
But the chances that these Ethereum ETFs will be approved by SEC differ from those spot Bitcoin-based ETFs who were granted approval in January.
Bloomberg ETF Analyst Eric Balchunas estimated in March that a spot Ether ETF would be approved by May at about 35%. He focused on the SEC’s lack of proactiveness in comparison to Bitcoin ETF application.
Balchunas mentioned also that Gary Gensler, the SEC chair’s view on Ether could have an impact on the outcome. Gensler is reluctant to label Ether as a financial instrument.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: crypto.news
