Fidelity Investments' U.S. spot Ethereum exchange-traded fund (ETF) has been officially listed on the Depository Trust and Clearing Corporation’s (DTCC) roster of ETFs. The fund, named Fidelity Ethereum FD Beneficial INT, appears under the ticker symbol FETH. According to the DTCC, the ETF is classified as a domestic fund, but the "N" designation in the create/redeem column suggests it is not yet active.

“This file includes both active ETFs that may be processed at DTCC and ETFs that are not yet active ('pre launch') and, therefore, are not able to be processed at DTCC, unless and until such securities have received all necessary regulatory and other approvals,” noted the DTCC.

In addition to Fidelity’s FETH, the DTCC has also listed proposed spot Ethereum ETFs from VanEck, Franklin Templeton, and BlackRock. However, DTCC representatives have clarified to The Block that inclusion on their list is standard practice and should not be interpreted as an indicator of imminent regulatory approval.

Last week, the U.S. Securities and Exchange Commission (SEC) granted preliminary approval for eight 19b-4 forms for spot Ethereum ETFs from several prominent firms, including BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark Invest, Invesco Galaxy, and Franklin Templeton. Despite this initial approval, these firms must still secure approval for their S-1 registration statements from the SEC before their funds can commence trading.

Fidelity submitted its amended S-1 form last week, following BlackRock, which filed its updated registration statement on Wednesday. Notably, BlackRock's spot Bitcoin ETF recently became the largest of its kind, setting a precedent in the industry.

The addition of Fidelity’s spot Ethereum ETF to the DTCC list marks a significant step in the growing acceptance and integration of cryptocurrency-based financial products in mainstream markets. However, the ETF’s activation and subsequent trading are contingent upon receiving full regulatory approval, which remains pending.

As the SEC continues its review process, market participants eagerly await the potential launch of these innovative financial instruments, which promise to bring Ethereum investment opportunities to a broader audience. The evolving regulatory landscape and increasing institutional interest signal a pivotal moment for the cryptocurrency market, potentially paving the way for further financial innovation and broader adoption of digital assets.