Fidelity seeks green light for Ethereum ETF, following BlackRock’s filing

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Fidelity, an asset management firm overseeing $4.5 trillion in assets, has become the latest firm to seek approval for a spot Ethereum ( $2,572.95 ) (ETH) exchange-traded fund (ETF).

In a filing with the United States Securities and Exchange Commission (SEC) on November 17, Fidelity proposes to list and trade shares of the Fidelity Ethereum ( $2,572.95 ) Fund on the Cboe BZX Exchange.

“According to the Registration Statement, each Share will represent a fractional undivided beneficial interest in the Trust’s net assets. The Trust’s assets will consist of ETH held by the Custodian on behalf of the Trust.”

Update: @Fidelity joins the spot #ethereum ETF race by filing a 19b-4 with @CBOE https://t.co/rxNEzpzh3g pic.twitter.com/o96XspPDEP

— James Seyffart (@JSeyff) November 17, 2023

This comes after recent news that BlackRock officially filed for a spot Ether ETF, the iShares Ethereum ( $2,572.95 ) Trust, with the SEC on Nov. 16.

BlackRock’s filing comes nearly a week after it registered the iShares Ethereum ( $2,572.95 ) Trust with Delaware’s Division of Corporations and almost six months after it filed its spot Bitcoin ( $80,248.00 ) ETF application.

This is a developing story, and further information will be added as it becomes available.