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Fidelity has officially filed with the SEC for a spot Ethereum ETF, including staking capabilities. This move marks Fidelity's first S-1 filing for an Ethereum ETF, with a $4.5 trillion asset manager involved. The application includes the ability to stake the underlying ETH. Despite the filing, there is skepticism about the approval of Ethereum ETFs by the SEC.
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