BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Fidelity’s Ether ETF Filing Signals Institution Shift Towards Ethereum

by BlockNews.com Team
November 18, 2023
in BREAKING NEWS, BUSINESS, CRYPTO, FEATURED, INVESTING
Reading Time: 2 mins read
A A
#image_title

#image_title

1
SHARES
17
VIEWS
Share on XShare in TelegramShare on Reddit
  • Fidelity filed for a spot Ethereum ETF, arguing SEC approval would be a major win for protecting US crypto investors
  • Fidelity pointed to the recent Grayscale ruling, where the court said the SEC failed to coherently reject spot crypto ETFs after allowing futures products
  • Fidelity claims a spot Ether ETF would expand regulated crypto access for investors, who currently face risks seeking alternative exposure methods

Fidelity has filed for a spot ether ETF following its spot bitcoin ETF application, claiming that approval would be a major win for protecting US investors in the crypto space. The asset management giant argues investors face significant risks without such products as they seek riskier alternative exposure methods.

Fidelity’s Reasoning

In its filing, Fidelity noted the recent Grayscale court ruling, where the court said the SEC had failed to find a coherent reason for rejecting spot crypto ETFs when it had allowed futures-based products. Fidelity filed for a spot bitcoin ETF in June, shortly after BlackRock entered the race.

🚨 NEWS: Fidelity has filed for a Spot Ether ETF.

This builds upon its current Spot #Bitcoin ETF application.

This is huge for $ETH 👀 pic.twitter.com/Yz1kfzg7Nj

— BlockNews.com (@blocknewsdotcom) November 17, 2023

Potential Impact

Fidelity argues that approval of a spot ETH ETP would represent a major win for US investors seeking crypto exposure. The firm claims investors face heightened risks without access to such products. If approved, a spot Ether ETF from Fidelity could significantly expand access to crypto investment vehicles.

Conclusion

With its latest filing, Fidelity continues pushing for the SEC to approve spot crypto ETFs. The asset manager argues investors need simple, regulated access to crypto assets. Approval would mark a major shift in the SEC’s stringent stance on crypto ETFs to date.

Tags: Bitcoin ETFBusinesscryptoFidelity
TweetShareShare
Previous Post

Mad Lads Takes Over as Solana’s Top NFT Amidst 120% Rally

Next Post

Around The Block: November 17 Week in News

DON'T MISS THESE! HOT OFF THE PRESS

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling
CRYPTO

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
Load More

Related News

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.