Benzinga – Fidelity Investments filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for a spot Ethereum ETF.
What Happened: This filing, which includes staking capabilities, could be a significant development for Ethereum (CRYPTO: ETH) investors seeking a regulated way to gain exposure to the world’s second-largest cryptocurrency.
The development comes on the heels of the successful launch of spot Bitcoin ETFs in the U.S. earlier this year.
Fidelity was among the first 11 issuers to receive approval for a Bitcoin ETF, a decision that demonstrably boosted the overall digital asset market. The fund is the Fidelity Wise Origin Bitcoin Fund (BATS:FBTC).
The price of Bitcoin soared to new highs in March 2024, reaching a record-breaking $73,000.
The arrival of spot Bitcoin ETFs in 2024 triggered a major shift in the digital asset landscape.
As…
Read More