Fidelity Files for Spot Ethereum ETF with Staking

Fidelity Ventures into the Future with Spot Ethereum ETF Filing

In a significant move that signals growing institutional interest in the digital asset space, Fidelity, a titan in asset management boasting over $4.5 trillion in managed assets, has taken a decisive step by filing an S-1 form for a Spot Ethereum ETF. This groundbreaking filing, submitted to the US Securities and Exchange Commission (SEC), introduces the Fidelity Ethereum Fund — a move that comes hot on the heels of the SEC's nod to the first Spot Bitcoin ETF in the United States. The approval of a Bitcoin ETF was a watershed moment for digital currencies, catapulting BTC to an unprecedented $73,000 peak in March the following year.