Fidelity, a major money management company, has filed for the creation of an exchange-traded fund (ETF) focused on Ethereum’s ether (ETH). The proposed Fidelity Ethereum Fund aims to be listed on an exchange owned by Cboe Global Markets. This move comes as Fidelity seeks to expand its crypto offerings, following in the footsteps of rival BlackRock. The ETF would provide investors with exposure to ETH, the second-largest cryptocurrency, and is currently awaiting approval from the U.S. Securities and Exchange Commission (SEC). Fidelity’s filing highlights the importance of an Ethereum ETF in safeguarding U.S. investors in the crypto space, as it would offer a low-risk avenue for exposure to digital assets. The company argues that without such products, investors may turn to riskier alternatives. This development follows BlackRock’s filing for a spot Ether ETF, indicating a growing trend among financial giants to facilitate easier access to cryptocurrencies through ETFs.

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Information	Details
Geography	Europe
Countries	🇺🇸
Sentiment	positive
Relevance Score	1
People	None
Companies	BlackRock, Grayscale, Cboe Global Markets, SEC, Fidelity
Currencies	Ethereum
Securities	None