The Ethereum exchange-traded fund (ETF), known as the “Franklin Ethereum TR Ethereum ETF” or “EZET,” was developed by asset management firm Franklin Templeton. A trusted US-based platform for securities transactions, the Depository Trust and Clearing Corporation website, has listed the Ethereum spot ETF.
Available for create/redeem Information about this ETF is provided in the Create/Redeem column of the DTCC website. It is a vital feature of exchange-traded funds (ETFs), as it allows the number of shares available for investors to be flexible to demand, thus enabling the market price of the ETF to be close to its net asset value.
Just because the Franklin Templeton Ethereum spot ETF is found on the DTCC website doesn’t mean the S-1 filing submitted to the SEC for an Ether ETF has been approved.
DTCC lists active securities for trading and settlement on its website, including ETFs that have successfully gone through registration or compliance procedures. However, clearance of the ETF file is decided by the SEC depending on regulatory factors.
Feb. 12 saw the 1.5 trillion-dollar asset management firm file an S-1 with the SEC for a spot Ether (ETH) ETF. If passed, the Chicago Board Options Exchange would list it as “Franklin Ethereum ETF.”.
Franklin Templeton’s Ethereum spot ETF filing was delayed by the SEC on April 23. The SEC prolonged the review period for the Franklin Ethereum Trust share listing and trading on the Cboe BZX Exchange regulation change. The commission has now 45 days to assess until June 11th.
The website of The Depository Trust and Clearing Corporation lists Franklin Templeton’s Ethereum spot ETF as one in the race with BlackRock, Grayscale, VanEck, and ARK Invest in the Ethereum ETF. Ethereum-oriented funds have a different approach than Bitcoin-oriented ones.
Bloomberg ETF analyst Eric Balchunas predicted last March that the SEC would approve a spot Ether ETF at 35% in its first round, as it would have a much more passive stance on the bitcoin ETF. Not saying whether Ether is a security, he pointed out that his position could determine the outcome.