Summary
Fidelity Investments is moving forward with its spot ether ETF proposal despite uncertainty around approval. The SEC would need to approve the proposal before trading can begin. Other issuers are also looking to launch spot ether ETFs. The SEC is expected to rule on ETFs holding ETH directly in late May, with some predicting delays. Spot bitcoin ETFs continue to attract investor assets.
Key Points
1. Fidelity Investments is moving forward with its spot ether ETF proposal despite uncertainty around the near-term approval of such funds.
2. The company filed a registration statement — known as a Form S-1 — Wednesday, marking another step in its bid to get the Fidelity Ethereum Fund approved.
3. Fidelity is one of several issuers vying to launch a spot ether ETF just months after the SEC greenlit spot BTC funds.