The Ether spot ETF of Fidelity, one of the largest fund management companies in the US, has been listed on the Central Depository and Clearing Corporation (DTCC). As is well known, a DTCC listing means that the fund will most likely be listed on exchanges. DTCC is known as the institution that performs custody and clearing operations on behalf of stock exchanges.

While the name of the fund is “Fidelity Ethereum FD Beneficial INT” and its abbreviation is “FETH”, it is also seen on the DTCC site that the ETF is still not active.

In DTCC’s information on the subject, “Both active and inactive ETFs are shown here. The processes at DTCC will not continue until all necessary regulatory approvals have been obtained,” and emphasized the SEC approval.

So far, DTCC has also listed BlackRock, VanEck and Franklin Templeton Ether spot ETFs. However, listing a fund on the DTCC does not guarantee that the fund will be available for trading on the exchange. The SEC needs to finalize the entire approval process. Although 19b-4 filings have been approved in Ether spot ETFs, the S-1 filing must also receive the same approval.

The approval of the S-1 filing means that the relevant company has received the necessary legal permissions to carry out the IPO.

Fidelity made the S-1 filing update requested by the SEC last week. BlackRock updated its S-1 file yesterday evening.