Spot Ethereum Exchange-Traded Funds (ETFs) may be witnessing a decline in approval odds, but there is still a wave of optimism among several financial management firms applying for the products.
Fidelity Amends Its Ethereum Spot ETF Application
Amid the anticipation encompassing the Ethereum spot ETFs, financial management giant Fidelity has recently amended its application for the exchange products, demonstrating confidence toward approval by the United States Securities and Exchange Commission (SEC).
Chairman and President of The ETF Store, Nate Geraci, took to the social media platform X to share the update with the crypto community today. According to Nate Geraci, the amendment contains a “more thorough examination” of the connection between the spot and futures markets.
It is worth noting that Fidelity entered the competition to introduce an Ethereum ETF in November last year. Other applicants for the ETFs include Grayscale, Ark Invest, 21Shares, and BlackRock, am
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