Asset management firm Franklin Templeton has officially registered its Franklin Ethereum TR Ethereum ETF (EZET) on the Depository Trust and Clearing Corporation (DTCC) website. This move allows the ETF to be created and redeemed on the platform, which is a significant hub for securities transactions in the United States.
While the ETF’s presence on the DTCC website is a positive step, it does not guarantee approval from the US Securities and Exchange Commission (SEC) for Franklin’s application for a spot Ethereum ETF. The SEC is responsible for evaluating and approving ETF filings based on regulatory criteria and other factors.
The DTCC website regularly lists securities that are eligible for trading and settlement, including ETFs that have completed necessary registration and compliance processes. However, the final decision on approval lies with the SEC. Investors should be aware that registration on the DTCC website does not equate to SEC approval.