Franklin Templeton Ethereum ETF Listed on DTCC Amid SEC Review

Franklin Templeton Ethereum ETF, under the ticker EZET, is now listed on the Depository Trust and Clearing Corporation (DTCC) securities list. This development follows reports of the SEC potential rejection of spot Ethereum ETF applications.

The DTCC listing is an initial step in the trading process, but it doesn’t guarantee SEC approval. Franklin Templeton filed for the spot Ethereum ETF in February, joining industry giants like BlackRock, Grayscale, VanEck, and ARK Invest. However, prospects for Ethereum-based funds are less optimistic than for Bitcoin-based ones.

Bloomberg ETF analyst Eric Balchunas suggests there a 25% chance of SEC approval for a spot Ethereum ETF. He notes the SEC lack of engagement, contrasting it with the Bitcoin ETF approval process. JPMorgan analysts anticipate a prolonged regulatory approval process, possibly requiring a legal challenge similar to Grayscale lawsuit.

Meanwhile, Ethereum market performance has been steady, trading around $3,100 amidst regulatory uncertainty post-Bitcoin halving.

Our creator. creates amazing NFT collections! 
Support the editors - Bitcoin_Man (ETH) / Bitcoin_Man (TON)

Pi Network (Guide)is a new digital currency developed by Stanford PhDs with over 55 million participants worldwide. To get your Pi, follow this link https://minepi.com/Tsybko and use my username (Tsybko) as the invite code.

Binance: Use this link to sign up and get $100 free and 10% off your first months Binance Futures fees (Terms and Conditions).

Bitget: Use this link Use the Rewards Center and win up to 5027 USDT!(Review)

Bybit: Use this link (all possible discounts on commissions and bonuses up to $30,030 included) If you register through the application, then at the time of registration simply enter in the reference: WB8XZ4 - (manual)