The Race Is On: Fidelity Investments Just Filed For An Ethereum Spot ETF | Bitcoinist.com
The cryptocurrency market has been experiencing a major surge in interest surrounding Ethereum Spot ETFs with Fidelity Investments' new filing,...
- Fidelity Investments has filed for an Ethereum Spot Exchange Traded Fund (ETF) with the US Securities and Exchange Commission (SEC).
- This is the second ETF filing by Fidelity, following their previous filing for a Spot Bitcoin ETF.
- The filing outlines the framework for listing and trading Trust shares on the exchange.
- Fidelity emphasizes that the Trust should not be considered an investment company or a commodity pool.
- The structure of the proposed Ethereum ETF ensures that each share represents a fractional stake in the Trust's net assets, consisting of ETH tokens held by the Custodian.
The sentiment in the article is generally positive, as it highlights Fidelity Investments' active involvement in the Ethereum ETF market and provides details about the filing and structure of the proposed ETF.