Fidelity Investments, a multinational financial service corporation, has filed for an Ethereum Spot Exchange Traded Fund (ETF) with the United States 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 and emphasizes that the Trust should not be considered an investment company or a commodity pool. Fidelity’s ETF proposal includes a detailed structure that ensures each share represents a fractional stake in the Trust’s net assets, which consist of ETH tokens held by a Custodian. The filing also mentions the need for regulatory clarity in light of ongoing legal situations between the SEC and various crypto exchanges and financial organizations. Fidelity’s move comes in the midst of a surge in interest surrounding Ethereum ETFs, with BlackRock also recently filing for an Ethereum Spot ETF.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | None |
| Companies | United States Securities and Exchange Commission (SEC), BlackRock, Fidelity Investments, Commodities laws, Custodian |
| Currencies | Ethereum |
| Securities | None |
