In a significant move for the cryptocurrency industry, Fidelity, one of the world’s largest asset managers, has officially applied to the United States Securities and Exchange Commission (SEC) for approval for an Ethereum-based Exchange Traded Fund (ETF).
According to @bitcoin_scoop, Fidelity has applied for a spot Ethereum ETF under the name “Wise Origin Ethereum Index Fund”. However, it has not been confirmed by official sources.
BREAKING: Fidelity Files Spot Ethereum ETF Application
under the name Wise Origin Ethereum Index Fund. These market catalyst will make things roll! Lets get it pic.twitter.com/yrgYQZxrab— Bitcoin Scoop (@bitcoin_scoop) September 15, 2023
The Fidelity Ethereum ETF filing represents a step up from financial institutions’ previous attempts to introduce cryptocurrency-related products to the traditional U.S. capital market. Fidelity has been an active supporter of the cryptocurrency sector and has previously expressed interest in products related to Bitcoin and other digital currencies.
If approved, this ETF would allow investors to gain exposure to Ethereum without needing to hold the cryptocurrency directly, providing a more streamlined way to invest in digital assets.
Ethereum Chart
At the time of publication, the price of ETH was quoted at US$1,629.23 up 0.2% in the last 24 hours.
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.
Source: https://portalcripto.com.br/gestoras-de-ativos-fidelity-solicitou-etf-spot-de-ethereum/
