Based in Boston, Massachusetts, Fidelity Investments is a worldwide financial services company in the United States. Edward C. Johnson II created this company in 1946.
This company runs a brokerage business, looks after a sizable mutual fund family, offers retirement services, wealth management, asset custody, asset execution and clearing, index funds, and investment advice. This company offers all of these services everywhere in the world.
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Fidelity Investment submitted an Ethereum spot ETF application to the US Securities and Exchange Commission (SEC) on November 18, 2023.
Fidelity Joins Ethereum ETF Race: Spot ETF Hype Intensifies,Fidelity Joins Ethereum ETF Race: Spot ETF Hype Intensifies
Fidelity selected Coinbase as a custodian in order to assist this ETF application. The trade price of Ethereum (ETH) increased by 0.5% as a result of this article. Over the previous 30 trading days, the price of ETH has increased by 26%.
Massive investment management company BlackRock submitted an Ethereum spot ETF product application to the SEC four days ago.
Positive emotion is being created for the ETH coin’s trade price by the fierce rivalry amongst the big Wall Street firms to introduce an Ethereum spot ETF.
Notably, the SEC will not easily approve these Ethereum spot ETF petitions, since there are presently close to ten Bitcoin spot ETF applications awaiting clearance.
A court judge three months ago ordered the SEC body to review Grayscale’s Bitcoin spot ETF application, which the SEC body had previously rejected. As a result, the SEC body is currently under intense pressure to approve these applications, despite having rejected all of the Bitcoin spot ETF applications in the previous couple of years.
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ETF analysts and specialists predict that in the upcoming three months, the SEC body would likely accept many applications for Bitcoin spot ETFs. However, not many people think that receiving SEC permission will take longer than a month.
Fidelity Joins Ethereum ETF Race: Spot ETF Hype Intensifies,Fidelity Joins Ethereum ETF Race: Spot ETF Hype Intensifies,Fidelity Joins Ethereum ETF Race: Spot ETF Hype Intensifies , Ethereum coin Crypto news, Ethereum coin News