Fidelity jumps aboard the spot ETH ETF train
Fidelity filed a 19b-4 on Friday for a spot ETH ETF
Fidelity filed a 19b-4 application with the Securities and Exchange Commission late Friday for an ethereum ETF.
According to the filing, the proposed rule change names the fund the Fidelity Ethereum Fund. The 19b-4 was filed with CBOE.
A 19b-4 is a rule change form required by the SEC.
“The investment objective of the Trust is to seek to track the performance of ETH, as measured by the performance of the Fidelity Ethereum Index…In seeking to achieve its investment objective, the Trust will hold ETH,” the filing said.
Fidelity’s proposed ETH fund comes a week after BlackRock also filed a 19b-4 for an ether ETF. Since then, BlackRock has submitted an S-1 with the SEC , paving the way for the Commission to make a decision on the fund. BlackRock’s fund would be listed on Nasdaq.
Read more: SEC delays yet another bitcoin ETF rule change
Fidelity is also in the running for a spot bitcoin ETF, having re-upped its bid for that fund back in June. The SEC has yet to make a decision on whether it will greenlight any spot bitcoin ETFs, having recently delayed a few with November deadlines, including Franklin Templeton , Hashdex and Global X .
BlackRock is also in the running for a spot bitcoin ETF, which has led many to believe that the SEC is considering greenlighting the ETFs. BlackRock has a long history of approvals with the SEC.
In October, the Depository Trust and Clearing Corporation listed BlackRock’s proposed ETF on its site, leading eagle-eyed ETF watchers to believe that the asset manager was close to receiving regulatory approval.
However, the DTCC later told Blockworks that the move was not indicative of a pending approval.
Don’t miss the next big story – join our free daily newsletter .
- ETFs
- ether ETFs
- Fidelity
- SEC
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Roblox will allow devs to skip Robux and charge players in fiat money
VanEck’s Matthew Sigel Defends Ethereum’s Strong Utility Despite Bearish Market
![](https://img.bitgetimg.com/multiLang/image/social/e201343e99422f1587dcca6032544c281725741543205.jpg)
How Solana is Surpassing Ethereum in Blockchain Performance
![](https://img.bitgetimg.com/multiLang/image/social/19c85f4faba5949f3815555cb0a7c7711725741542820.jpg)
Debunking Bitcoin Myths: Separating Fact from Fiction in Cryptocurrency
![](https://img.bitgetimg.com/multiLang/image/social/946e527ab045281260662008d4e7ed021725741542403.jpg)