Fidelity Investments floats fresh Ethereum ETF application
Fidelity Investments filed for a spot Ethereum (ETH) exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the Fidelity Ethereum Fund on the Cboe BZX Exchange. Fidelity and BlackRock await SEC greenlight According to its filing, the fund is a spot exchange-traded fund (ETF) that would hold Ethereum’s ether (ETH). The ETF, if approved, will trade in compliance with the Cboe BZX Rule. Fidelity’s Ether ETF push comes after BlackRock’s Ethereum ETF filing. It is believed that ETFs could make it far easier for the average person to invest money in a crypto-linked asset. Securing approval of a spot Ethereum ETF would represent a major win for crypto investors in the U.S., as regulators in the region are yet to approve any spot crypto ETF. Fidelity Investments has reportedly expressed confidence in securing regulatory approval, as it has cited an excerpt from the ruling in the Grayscale versus SEC legal battle. In Fide...