Fidelity’s spot ether ETF appears on DTCC under ticker FETH | Headlines | News | CoinMarketCap
05/30/2024 11:03Fidelity Investments' U.S. spot ethereum exchange-traded fund has been added to the Depository Trust and Clearing Corporation’s list of ETFs. …
Fidelity Investments' U.S. spot ethereum exchange-traded fund has been added to the Depository Trust and Clearing Corporation’s list of ETFs.
The fund, named Fidelity Ethereum FD Beneficial INT, was included on the list under the ticker FETH. DTCC designated the ETF as a domestic fund, while under the create/redeem column, FETH was marked as “N,” which appears to indicate that it is not yet active.
“This file includes both active ETFs that may be processed at DTCC and ETFs that are not yet active ("pre launch") and, therefore, are not able to be processed at DTCC, unless and until such securities have received all necessary regulatory and other approvals,” the DTCC noted.
The DTCC has so far included proposed spot ether ETFs from VanEck, Franklin Templeton and …