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Fidelity Seeds Ethereum ETF with $4.7M, Lowest Fee Yet

Fidelity seeds Ethereum ETF with $4.7M, marking a significant step before July launch. Other major players like BlackRock join competition.

by John Darbie
Sat, Jun 22, 2024 11:33am
in Ethereum
• 2 mins read
14.8k
Fidelity Seeds Ethereum ETF with .7M, Lowest Fee Yet | FinOracle

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Fidelity to Seed Ethereum ETF with $4.7 Million

Fidelity, the fourth-largest asset manager in the world, has announced that it will seed its upcoming Ethereum ETF with $4.7 million ahead of its official launch. This information comes from a recent regulatory filing. Fidelity's S-1 registration form for its "Fidelity Ethereum Fund" revealed, "Total proceeds to the Trust from the sale of the Seed Baskets were $4,749,975.00."

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