Franklin Templeton, a major player in the financial services industry, has officially listed its new Ethereum (ETH) exchange-traded fund (ETF) on the Depository Trust and Clearing Corporation (DTCC). The DTCC, a well-established post-trade financial services firm, offers clearing and settlement services for various markets. On its products offering page, the DTCC has included Ethereum-based exchange-traded products (ETPs) from several prominent financial giants, including Franklin Templeton’s Ethereum TR Ethereum ETF (EZET). It’s important to note that while the listing on the DTCC is a significant step, it does not guarantee regulatory approval for the ETF.

In recent months, Franklin Templeton, along with other firms such as BlackRock, Hashdex, Bitwise, and ARK Invest, submitted applications to the U.S. Securities and Exchange Commission (SEC) to create spot market ETH-based ETFs. However, the SEC announced in March that it needed more time to review the matter and postponed its decision until the end of May. Bloomberg ETF analyst Eric Balchunas believes that the chances of the SEC approving a spot market ETH ETF are low, as the SEC has yet to provide any comments or feedback to the issuers, which is typically part of the regulatory process.

It is worth mentioning that Franklin Templeton and other firms had their applications to create spot market Bitcoin (BTC) ETFs approved by the SEC in January. Franklin Templeton CEO Jenny Johnson emphasized that Bitcoin is just one of the many opportunities available in the digital assets space.

While the listing of Franklin Templeton’s Ethereum ETF on the DTCC is a significant development, the final decision lies with the SEC, and the outcome remains uncertain. Investors should exercise caution and conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl does not provide investment advice and is not affiliated with any cryptocurrencies or digital assets.