ETH price prediction as DTCC lists finance giants Ethereum spot ETF
The Depository Trust & Clearing Corporation (DTCC) listed Franklin Templetons Ethereum (ETH) spot ETF with a “yes” for create and redeem. Franklin Templeton is a traditional finance giant with $1 trillion in assets under management and a growing interest in cryptocurrencies. As of this writing, the cryptocurrency market still awaits the Securities and Exchange Commissions (SEC) approval of Ethereum spot ETFs. This is a similar expectation previously seen within the Bitcoin spot ETFs, feeding a bullish sentiment for the cryptocurrency. In a hint of what is potentially to come, the renowned crypto journalist Colin Wu iniulat DTCCs recent listing. Notably, the “FRANKLIN ETHEREUM TR ETHEREUM ETF” appeared with a “Y” for “Creation/Redeem,” signaling a positive outcome is imminent. According to Wu, this is “a standard practice to prepare for the launch of new ETFs to the market and does not represent the result of the approval process.” Franklin Templetons application for the launch of the Ethereum spot ETF “FRANKLIN ETHEREUM TR ETHEREUM ETF” has been listed on the DTCC website, and the Create/Redeem column shows Y. DTCC emphasized that this is a standard practice to prepare for the launch of new ETFs to the… - Wu Blockchain (@WuBlockchain) Abril 27, 2024 Ethereum price analysis in




