Fidelity’s Ethereum ETF Offering Gets Amendment

Fidelity's Ethereum ETF Offering Gets Amendment

The financial giant Fidelity has sent a modified Ethereum (ETH) exchange-traded fund (ETF) proposal, adding staking to its application.


The financial giant Fidelity has sent a modified Ethereum (ETH) exchange-traded fund (ETF) proposal, adding staking to its application.

According to the document, it would be possible to bet a part of the fund’s assets with the help of a trusted betting provider.

Similarities to Bitcoin ETFs

The amended filing references the approval of multiple spot Bitcoin ETF approvals. The financial giant maintains that it makes sense to greenlight the same product for the largest altcoin due to the high correlation between Ethereum and Bitcoin futures issued by CME.

Since the SEC expects CME surveillance to be useful in helping detect potential cases of fraudulent and manipulative practices, Fidelity says the same reasoning should be applied to detect Ethereum ETFs.

5 Crypto Market Crash Signs to Watch for Before It Happens

It’s worth mentioning that Fidelity’s Bitcoin ETF has managed to end up among this year’s most popular ETFs so far after attracting nearly $7 billion since its launch in January.

It ranked first alongside BlackRock’s Bitcoin ETF, which continues to break records.

Low approval odds, high price targets

As Guru-Investingreported, Standard Chartered recently made a surprising prediction that the price of Ethereum could hit the $8,000 target if the SEC approved a spot Ethereum ETF in May.

However, according to several experts, such a scenario remains unlikely. Political pressure appears to be the main impediment right now, with the SEC facing some backlash in Congress following the success of spot Bitcoin ETFs.

There are different opinions on the possible impact of an Ethereum spot ETF. Investment firm VanEck, for example, believes that a spot ETF could end up being an even bigger deal than similar Bitcoin products. However, Bloomberg senior analyst Eric Balchunas recently downplayed the impact of such an ETF, likening it to an opening act trying to follow a headliner.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected] kashmiri girls sex jayasex desi bhabi xxx xlnindia 1st time sex video たかはししょうこ動画 真正中出し3本番 彩乃なな sex film sexy film xnxx indian teens
ano nga ba ang pangarap hello heart episode 3 reshma hot saree images xvidies com bihar chudai heroine photo hot dasixx ileana d'cruz hot photoshoot hindi movi
www sxe vidoes boops sucking dehati fuck chuk chuk rail gujaratisexvidio probinsyano october 18 2021 full episode ang probinsyano july 14 2022 قصص سكس كرتون سكس بنات تخينة