Summary
TLDR: Fidelity, with $4.5 trillion in assets, has filed for an Ethereum ETF that includes staking. The SEC’s approval process may be smoother due to previous Bitcoin ETF negotiations. Despite regulatory challenges, industry experts remain optimistic about the potential for an Ethereum ETF with staking.
Key Points
1. Fidelity has submitted an S-1 form to the SEC for a spot Ethereum ETF that includes staking, following the approval of the first spot Bitcoin ETF earlier this year.
2. The Fidelity Ethereum Fund aims to trade on the CBOE and offers investors a new way to earn rewards through staking.
3. Despite regulatory hurdles and uncertainty surrounding Ethereum’s status, industry experts remain optimistic about the potential approval of a spot Ethereum ETF, drawing parallels with the successful journey of the spot Bitcoin ETF.