Fidelity Pursues SEC Approval for Spot Ether ETF

[coingabbarmarket]

Fidelity Highlights Grayscale Court Ruling on SEC Inconsistencies
Fidelity seeks SEC approval for a spot Ether ETF, following its spot Bitcoin ETF application. The filing focuses on the importance of such products in protecting US investors from risks associated with alternative exposures.

Reference is made to the recent Grayscale court ruling, highlighting inconsistencies in SEC's approach to spot and futures-based crypto ETFs.

[Themepen]

Thank you for telling us that Fidelity wants to create a spot Ether ETF and mentioned the Grayscale court ruling. Fidelity is pointing out that the SEC has different rules for spot and futures-based crypto ETFs, which is interesting. This shows that it's important to have clear rules to keep investors safe from risks.We're curious to see how the SEC will react to Fidelity's request and if it will make it easier for more people to use cryptocurrencies like Ethereum.