Fidelity Investments Boldly Enters Cryptocurrency Arena with Proposed Ethereum ETF
In an unprecedented move that signals growing mainstream acceptance of cryptocurrencies, Fidelity Investments has filed a Form S-1 with the SEC for a proposed spot Ethereum exchange-traded fund (ETF) featuring unique staking capabilities. This initiative underscores Fidelity's dedication to carving out a significant presence within the burgeoning digital asset sector, heralding a new chapter in institutional investment in cryptocurrencies.
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