At the time of writing, ETH is trading at $1944, down 2.13% in the last 24 hours.
The ETH price recently broke the key support level of $1951.
According to a filing with the United States SEC dated November 17, Fidelity Investments intends to launch a spot Ethereum ETF. The proposed rule change that would enable Cboe BZX to list and trade shares in Fidelity’s prospective fund was described in a 19b-4 filing.
Similar to Fidelity’s spot Bitcoin ETF proposal filed to the SEC in late June, the new Ethereum proposal is quite comparable to that plan. Both of Fidelity’s disclosures mirror those of BlackRock, one of the company’s primary rivals. BlackRock registered for its spot Bitcoin ETF in June, months before it applied for its spot Ethereum ETF on November 15.
Although no spot ETFs for Bitcoin or Ethereum have been approved by the SEC as of yet, futures ETFs for both have been greenlit in the past.
Bitcoin (BTC) has unexpectedly regained the daily cryptocurrency transaction fee l
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