Fidelity seeks green light for Ethereum ETF, following BlackRock's filing

Fidelity, an plus absorption steadfast overseeing $4.5 trillion successful assets, has go the latest steadfast to question support for a spot Ethereum (ETH) exchange-traded money (ETF).

In a filing submitted to the United States Securities and Exchange Commission (SEC) connected November 17, Fidelity proposes to database and commercialized shares of the Fidelity Ethereum Fund connected the Cboe BZX Exchange.  

"According to the Registration Statement, each Share volition correspond a fractional undivided beneficial involvement successful the Trust’s nett assets. The Trust’s assets volition dwell of ETH held by the Custodian connected behalf of the Trust."

Related: BlackRock argues SEC has nary grounds to dainty crypto futures and spot ETFs differently

Update: @Fidelity joins the spot #ethereum ETF contention by filing a 19b-4 with @CBOE https://t.co/rxNEzpzh3g pic.twitter.com/o96XspPDEP

— James Seyffart (@JSeyff) November 17, 2023

This comes aft caller quality that BlackRock officially filed for a spot Ether ETF, the iShares Ethereum Trust, with the SEC connected Nov. 16.

BlackRock's filing comes astir a week aft it registered the iShares Ethereum Trust with Delaware’s Division of Corporations and astir six months aft it filed its spot Bitcoin ETF application.

This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.