Fidelity Seeks Approval for Ethereum ETF, Joining BlackRock in the Race
Asset management firm Fidelity, which oversees $4.5 trillion in assets, has submitted a filing to the SEC to seek approval for a spot Ethereum exchange-traded fund (ETF). The proposed Fidelity Ethereum Fund would be listed and traded on the Cboe BZX Exchange, with each share representing a fractional undivided beneficial interest in the Trust's net assets. This move follows BlackRock's recent filing for a spot Ether ETF, the iShares Ethereum Trust, with the SEC on November 16. Further updates on this developing story will be provided as they become available.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Robinhood and Coinbase's Q4 shows retail's significant interest in alternative cryptos
While Robinhood delivered an impressive quarter for crypto volumes ($71 billion), Coinbase retains the top position with $440 billion in volume.The following is an excerpt from The Block’s Data and Insights newsletter.
Earnings season takes back seat to interest rate, tariff concerns
Investors evaluating tariff risks has contributed to market volatility over recent weeks
BTC sinks after a quiet week. But now what?
“Crypto prices often rally into the spring before declining into summer,” Compass Point analysts wrote
Strategy announces $2 billion convertible note offering to fuel future bitcoin purchases
The former MicroStrategy announced a $2 billion convertible senior notes offering with 0% interest just hours after issuing a profitability warning due to a $1.79 billion impairment loss on its bitcoin holdings.
Trending news
MoreCrypto prices
More
