📈 Franklin Templeton's Ethereum Spot ETF, with the ticker EZET, has appeared on the DTCC list, indicating progress in the approval process by the SEC.
🤔 This comes amidst ongoing discussions at the SEC regarding the authorization of Ethereum ETFs, following the success of Spot Bitcoin ETFs.
⌛ Despite expectations, SEC approvals for Ethereum Spot ETFs have been delayed, with a decision expected by June 11 for applications from Franklin Templeton and Grayscale.
📉 Experts, including those from Standard Chartered and VanEck CEO Jan Van Eck, are skeptical about the likelihood of SEC approval for Ethereum ETFs in the near future.
❓ While Franklin Templeton's ETF listing on DTCC is a procedural step, it doesn't guarantee eventual approval, as demonstrated by previous listings like BlackRock's Spot Bitcoin ETF, which was later removed.
🤞 Expectations regarding the approval of an Ethereum Spot ETF remain mixed, with Bloomberg's senior ETF analyst, Eric Balchunas, suggesting a 25% chance of approval.
💼 Franklin Templeton's Ethereum Spot ETF's DTCC listing signifies a hopeful yet uncertain step forward in the regulatory landscape for cryptocurrency ETFs in the U.S.
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