Posted 3/27/2024, 3:11:04 PM
Fidelity Seeks Approval for Ethereum Staking ETF After Bitcoin Fund Success
- Fidelity files for SEC approval of a Spot Ethereum ETF with staking
- Comes after Fidelity was among first issuers approved for Bitcoin Spot ETFs in 2023
- Bitcoin ETF approvals helped drive BTC price to all-time high of $73k in March 2023
- Fidelity originally filed for Ethereum ETF in November 2022, joining other big firms
- Approval questionable due to SEC's legal campaign threatening Ethereum's security status
