Fidelity Investments has taken another step in its effort to launch a spot Ethereum ETF, filing a registration statement on March 26 despite the uncertain regulatory landscape.
The move follows a previous filing by Cboe, the exchange planned for this ETF, which submitted a form 19b-4 to the SEC on Fidelity’s behalf in November 2023.
Fidelity’s actions, alongside those of other firms aiming to introduce spot ether ETFs, illustrate the growing interest in integrating digital assets into traditional financial products. Yet, obtaining regulatory approval presents a notable challenge, highlighting the evolving and uncertain nature of crypto regulation.
S-1 filing
The company’s recent Form S-1 filing marks an essential step in seeking SEC approval for the Fidelity Ethereum Fund to begin trading. The regulator must approve both the 19b-4 and S-1 forms before the fund can trade,
Fidelity’s latest submission did not disclose the fund’s details, such as the ticker and fees. However,
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