Fidelity became the latest giant financial firm to seek to create an ether ETF. The SEC still needs to approve these applications for them to trade in the U.S. The regulator is mulling bitcoin ETFs, too. ETFs could make it far easier for the average person to invest money in a crypto-linked asset.
Money management giant Fidelity is seeking to create an exchange-traded fund that owns Ethereum’s ether (ETH), according to a Friday filing, joining rival BlackRock in strengthening its crypto embrace.
The Fidelity Ethereum Fund would be listed by an exchange owned by Cboe Global Markets, which posted the