Fidelity Becomes the 7th Company to File For a Spot Ethereum ETF
- Fidelity Investments has filed for an Ethereum exchange-traded fund (ETF).
- According to Seyffart, Fidelity is the 7th company to submit a spot Ethereum ETF proposal.
- Fidelity intends to list the Ethereum ETF on an exchange owned by Cboe Global Markets.
Fidelity Investments, a renowned money management outfit, has filed for an Ethereum exchange-traded fund (ETF). According to reports, James Seyffart, a top ETF analyst, posted a screenshot of the filing on his X app account. The shared content noted that “The Exchange proposes to list and trade shares of the Fidelity Ethereum Fund under BZX Rule 14.11(e)(4) Commodity-Based Trust Shares.
According to Seyffart, Fidelity becomes the 7th company to submit a spot Ethereum ETF proposal by this filing. The other companies with similar proposals include VanEck, 21Shares and Ark, Hashdex, Grayscale, Invesco and Galaxy, and BlackRock.
Based on the submitted proposal, Fidelity intends to list the Ethereum ETF on an exchange owned by Cboe G…
The post Fidelity Becomes the 7th Company to File For a Spot Ethereum ETF appeared first on Coin Edition.
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Fidelity Becomes the 7th Company to File For a Spot Ethereum ETF
- Fidelity Investments has filed for an Ethereum exchange-traded fund (ETF).
- According to Seyffart, Fidelity is the 7th company to submit a spot Ethereum ETF proposal.
- Fidelity intends to list the Ethereum ETF on an exchange owned by Cboe Global Markets.
Fidelity Investments, a renowned money management outfit, has filed for an Ethereum exchange-traded fund (ETF). According to reports, James Seyffart, a top ETF analyst, posted a screenshot of the filing on his X app account. The shared content noted that “The Exchange proposes to list and trade shares of the Fidelity Ethereum Fund under BZX Rule 14.11(e)(4) Commodity-Based Trust Shares.
According to Seyffart, Fidelity becomes the 7th company to submit a spot Ethereum ETF proposal by this filing. The other companies with similar proposals include VanEck, 21Shares and Ark, Hashdex, Grayscale, Invesco and Galaxy, and BlackRock.
Based on the submitted proposal, Fidelity intends to list the Ethereum ETF on an exchange owned by Cboe G…
The post Fidelity Becomes the 7th Company to File For a Spot Ethereum ETF appeared first on Coin Edition.
Read More
ETF Weekly: Ether Records Second-Highest Ever Inflow as Bitcoin Posts Modest Gains