Franklin Templeton’s ETF Appears on DTCC List
Franklin Templeton’s proposed Ethereum Spot ETF has popped up on the Depository Trust and Clearing Corporation (DTCC) website. This could hint at a potential approval by the Securities and Exchange Commission (SEC).
SEC’s Stance on Ethereum ETFs
The SEC has been considering Ethereum Spot ETFs since the approval of Bitcoin Spot ETFs earlier this year. However, the agency has repeatedly delayed decisions on these applications.
DTCC Listing: A Positive Sign?
The DTCC listing is a step in the trading process, but it doesn’t guarantee SEC approval. However, a similar listing for BlackRock’s Bitcoin ETF preceded its eventual approval.
SEC’s Ambiguity
Despite the DTCC listing, the SEC has not been clear about its stance on Ethereum ETFs. Bloomberg ETF analyst Eric Balchunas has estimated the odds of approval at only 25%.
Market Anticipation
The crypto market is closely watching the developments surrounding Franklin Templeton’s ETF application and the SEC’s decision. Approval would be a major step forward for the digital asset industry.
