Fidelity Becomes the 7th Company to File For a Spot Ethereum ETF
Coin Edition
18 Nov 2023 9:49 AM
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.
You May Ask
Which company recently filed for an Ethereum exchange-traded fund (ETF)?How many companies have submitted spot Ethereum ETF proposals so far?What exchange does Fidelity intend to list the Ethereum ETF on?What is the status of Fidelity's proposal and other similar proposals?What impact do crypto optimists believe spot ETFs for Bitcoin and Ethereum would have on the market?