Fidelity's Ethereum Spot ETF Registered with DTCC

IconCryptoNewsTerminal Staff30 May, 2024

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Fidelity's Ethereum Spot ETF Registered with DTCC

Fidelity Investments has registered its Ethereum spot exchange-traded fund (ETF) with The Depository Trust & Clearing Corporation (DTCC), paving the way for its launch. This follows a similar move by BlackRock, which registered an ETH spot ETF with the DTCC on Jan. 24. The registration with the DTCC is a significant step in the process of launching an ETF, as it allows the fund to be traded and settled on a regulated exchange. The Fidelity Ethereum Spot ETF will trade under the ticker FETH and will provide investors with exposure to the price of Ethereum.