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Fidelity has officially filed an S-1 form with the SEC to launch a spot Ethereum ETF in the United States, including staking capabilities. The $4.5 trillion asset manager's application marks their first for a spot Ethereum ETF, as confirmed by Bloomberg ETF analyst James Seyffart. The SEC has been cautious in approving Ethereum ETFs, with expectations of potential rejections. Fidelity's filing also indicates the absence of a specified symbol for the ETF.
According to Forbes, Bitwise wants the U.S. SEC to delay Ethereum spot ETF approval until December. Bitwise CIO Matt Hougan believes that the asset management industry is too focused on Bitcoin products to provide the necessary attention for the development of an Ethereum ETF.…
Bitwise Aims for SEC Approval With Spot #Ethereum ETF, Backed by Correlation Data https://t.co/9PGkfn18Rn
BITCOIN LIKELY TO ATTRACT $1T FROM INSTITUTIONAL INVESTORS, SAYS BITWISE CIO - According to Bitwise's chief investment officer, Matthew Hougan, institutional investors are likely to inject up to $1 trillion into Bitcoin through exchange-traded funds (ETFs). - While… https://t.co/5UhdhJnfbM https://t.co/JRdpIixb5D