Fidelity’s Ethereum spot ETF has been listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker symbol $FETH. This development comes on the heels of the US Securities and Exchange Commission’s (SEC) approval of spot Ethereum exchange-traded funds (ETFs) on May 23.
The SEC’s acceptance of the 19b-4 forms for the spot Ethereum ETFs marks a major step, although the commencement of trading awaits the approval of each ETF’s S-1 filing.Discussions between the SEC and ETF issuers about the S-1 forms are reportedly underway. However, the timeframe for the trading approval is uncertain, with projections ranging from weeks to months.VanEck was among the first to submit an amended S-1 form on May 23, with BlackRock following suit with an under ticker $ETHA today. The S-1 form serves as an initial registration document that must be filed with the SEC before a security can be offered to the public.
