Fidelity Files Application for Ethereum Spot ETF - How Do US Investors Invest in Ethereum?

Fidelity Files Application for Ethereum Spot ETF - How Do US Investors Invest in Ethereum?

According to a report by www.btc-echo.de,

The race for an Ethereum Spot ETF is in full swing as Fidelity, the world's third largest asset manager, has now filed an application with the Securities and Exchange Commission (SEC). Fidelity's move shows the growing interest of major financial companies in cryptocurrencies. The goal is to provide US investors with easier and regulated access to Ethereum investments. At the same time, other well-known companies such as BlackRock are also taking similar steps towards a crypto ETF. There are a total of seven applications to the US securities regulator from companies such as: Van Eck, 21Shares, Ark Invest and Grayscale. The crypto space is hoping for approval and is speculating about possible staking rewards that providers could pass on to investors in the form of a dividend. These developments are expected to impact the crypto market, consumers and the entire industry.

The big wait for a Bitcoin ETF

In addition, the crypto space is eagerly following the approval of a Bitcoin Spot ETF. There are also several well-known aspirants here, including BlackRock. Market experts assume that the SEC will probably not give the green light until spring 2024, but then with approvals for several providers. These developments show that the crypto market is on the rise and major financial companies are showing increased interest in digital assets. The expectation of approval of spot cryptocurrency ETFs could have long-term implications for the market, particularly in terms of liquidity and investment opportunities for investors.