Fidelity Investments’ spot ethereum ETF, Fidelity Ethereum FD Beneficial INT, has secured a spot on the Depository Trust and Clearing Corporation’s (DTCC) ETF list under the ticker FETH. Marked as not yet active, this addition aligns with DTCC’s standard practice for both operational and pre-launch ETFs, pending necessary approvals.

The inclusion follows the U.S. Securities and Exchange Commission’s recent preliminary nod to eight spot ether ETFs, involving giants like BlackRock and Grayscale. Although awaiting final approvals on their S-1 registration statements, these firms inch closer to launching fully operational funds.

With Fidelity’s amended S-1 already filed and BlackRock leading with its record-setting bitcoin ETF, the financial sector is poised to broaden its crypto offerings, signaling a growing acceptance and institutional confidence in cryptocurrency investments.

DTCC