Fidelity Becomes the 7th Company to File For a Spot Ethereum ETF
Fidelity Investments, a renowned money management outfit, has filed for an Ethereum exchange-traded fund (ETF). Read more on CE....
- Fidelity Investments has filed for an Ethereum exchange-traded fund (ETF).
- Fidelity is the 7th company to submit a spot Ethereum ETF proposal.
- The ETF is intended to be listed on an exchange owned by Cboe Global Markets.
- Fidelity's proposal, like others before it, awaits approval from the Security and Exchange Commission (SEC).
- The approval of spot ETFs for Bitcoin and Ethereum is expected to attract mainstream investors and potentially shake up the crypto market.
- Ethereum's price experienced a 13% jump following reports of a BlackRock Ethereum ETF filing, reaching a high of $2,136 before retracing to $1,934.
The sentiment of the article is generally positive, highlighting the potential impact of spot ETFs on the crypto market and the interest from major players like Fidelity Investments and BlackRock.