Posted 11/19/2023, 5:56:01 PM
Fidelity Seeks SEC Approval for Ethereum ETF to Provide Direct Crypto Exposure for Investors
- Fidelity seeks SEC approval for spot market Ethereum ETF called Fidelity Ethereum Fund
- ETF would hold ETH directly, providing exposure without counterparty risks of centralized platforms
- ETH ETF would represent major win for US investor protection in crypto assets
- Fidelity joins BlackRock, Hashdex pursuing regulatory approval for spot ETH ETF
- ETH ETF aims to protect against fraud, insolvency risks of holding ETH on centralized exchanges