Fidelity Seeks Approval for Ethereum ETF, Joining BlackRock in the Race

Asset management firm Fidelity, which oversees $4.5 trillion in assets, has submitted a filing to the SEC to seek approval for a spot Ethereum exchange-traded fund (ETF). The proposed Fidelity Ethereum Fund would be listed and traded on the Cboe BZX Exchange, with each share representing a fractional undivided beneficial interest in the Trust's net assets. This move follows BlackRock's recent filing for a spot Ether ETF, the iShares Ethereum Trust, with the SEC on November 16. Further updates on this developing story will be provided as they become available.