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'Fidelity Files For Spot Ethereum ETF' - BreakingTheNews

Author: Benzinga Newsdesk | March 27, 2024 11:40am

https://breakingthenews.net/Article/Fidelity-files-for-spot-Ethereum-ETF/61760407#:~:text=Fidelity%20Investments%20filed%20on%20Tuesday,ETF)%2C%20with%20staking%20included.

 

 

Fidelity Investments filed on Wednesday an S-1 Form with the United States Securities and Exchange Commission (SEC) for a spot Ethereum exchange-traded fund (ETF), with staking included.

"The Fidelity Ethereum Fund (the 'Trust') is an exchange-traded product that issues shares of beneficial interest that seeks to list and trade on the Cboe BZX Exchange, Inc. The Trust's investment objective is to seek to track the performance of ether, as measured by the performance of the Fidelity Ethereum Reference Rate, adjusted for the Trust's expenses and other liabilities," the company detailed in the filing.

Fidelity currently manages approximately $4.5 trillion in assets. Back in January, after years of waiting, the SEC finally approved spot bitcoin ETFs, with Fidelity being among the first 11 issuers.

Posted In: $ETH

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