Fidelity Files for Ethereum ETF, Joining Race with BlackRock
TL;DR Summary
Fidelity, a major asset management firm, has filed for its own Ethereum exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). The filing aims to provide US retail investors with a regulated and low-risk avenue to gain exposure to Ethereum (ETH), as existing methods involve counter-party risk and legal uncertainty. Fidelity's filing comes shortly after BlackRock filed for its own Ethereum ETF, joining a list of firms seeking approval for an Ether ETF.
- Fidelity seeks green light for Ethereum ETF, following BlackRock's filing Cointelegraph
- Will Fidelity Ethereum ETF Bid Trigger an ETH Price Rally? BeInCrypto
- The Race Is On: Fidelity Investments Just Filed For An Ethereum Spot ETF | Bitcoinist.com Bitcoinist
- Fidelity Joins the Race: Files for Ethereum ETF Approval Amid Growing Competition CryptoPotato
- Fidelity Cites Grayscale Ruling In Its Spot Ethereum ETF Application The Crypto Basic
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