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The Depository Trust & Clearing Corporation (DTCC) has included the Franklin Templeton Spot Ethereum ETF on its platform and revised its regulations regarding the use of crypto ETFs as collateralized assets.
The Franklin Ethereum TR Ethereum ETF (EZET), an exchange-traded fund (ETF) that is based on spot ETH prices and initiated by the management firm Franklin Templeton, has been added to the DTCC’s asset roster, which serves as a post-trade, clearing, and settlement organization for the U.S. financial market.
The DTCC has also modified its lending guidelines impacting the utilization of crypto ETFs. The platform will not extend collateral to crypto exchange-traded funds nor permit them to be utilized as collateral value in connection with a line-of-credit (LOC) extension.
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Franklin Templeton’s request to launch a spot Ethereum ETF, submitted to the U.S. Securities and Exchange Commission (SEC) on February 12, remains under examination. The DTCC listing does not assure its endorsement. Nevertheless, as per the DTCC website, the fund is currently accessible for investors to create and redeem on the organization’s platform.
The SEC’s review is paused until June 11. Should the regulator grant approval, the Franklin Ethereum ETF will commence trading on the Chicago Board Options Exchange (CBOE). The regulator is also evaluating applications for similar offerings from BlackRock, Grayscale, VanEck, and ARK Invest. However, experts anticipate a low likelihood of the SEC approving spot Ethereum ETFs in the near future due to the regulator’s position on Ethereum.
Recently, Hong Kong’s financial regulator has officially sanctioned the launch of three spot Ethereum ETFs, with trading set to commence on April 30 on the Hong Kong Stock Exchange (HKEX).
Сообщение Spot Ethereum ETF by Franklin Templeton Available on DTCC появились сначала на CoinsPaid Media.
