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

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."