Summary of Key Points:
- SEC approved spot Ethereum ETFs in May.
- Fidelity amended its S-1 filing for a spot Ethereum ETF.
- Fidelity disclosed a $4.7 million seed investment for its ETF.
- Fidelity’s ETF will not include staking.
- SEC chair Gary Gensler expects S-1 approvals in the summer.
Fidelity’s Amended S-1 Filing for Ethereum ETF
Fidelity has amended its S-1 filing for a spot Ethereum ETF, with a disclosed $4.7 million seed investment. The asset management firm is leading the way in seeking approval for spot Ether ETFs.
No Staking Included in Fidelity’s ETF
In its update, Fidelity confirmed that its ETF will not include staking, contrary to previous indications. This move sets Fidelity apart in the growing market for cryptocurrency ETFs.
Expected Launch Date for Spot Ether ETFs
SEC’s approval of spot Ethereum ETFs in May set the stage for potential trading in the summer. Analysts suggest an early July launch, with firms like Fidelity, BlackRock, and others poised to enter the market soon.
