2023-11-20
On November 18, 2023, Fidelity an
American multinational financial services company filed for a Spot Ethereum
ETF. Another company that previously filed for a Spot Ethereum ETF is Blackrock.
Blackrock and Fidelity have filed for
both Bitcoin and Ethereum ETFs. These Bitcoin and Ethereum ETFs are
exchange-traded funds that track the value of BTC and ETH on stock markets
rather than cryptocurrency exchanges.
Cryptocurrency ETFs allow stock
investors and institutional investors to trade or invest in cryptocurrencies
through traditional exchange markets. Fidelity
has $4.5 trillion of assets under management.
James Seyffart on X: Fidelity joins the spot #ethereum ETF (twitter.com).
There are 6 companies that filed
Ethereum ETFs
1. VanEck under ticker VanEck Ethereum
ETF.
2. 21Shares & ARK under ticker ARK
21Shares Ethereum ETF.
3. Hashdex under ticker Hashdex Nashdaq
Ethereum ETF.
4. Grayscale under ticker Grayscale
Ethereum Trust.
5.Invesco & Galaxy under ticker
Invesco Galaxy Ethereum ETF.
6. Blackrock under ticker iShares
Ethereum Trust.
Bitcoin and Ethereum ETFs approval could
come in 2024, these ETFs will increase trading volume of BTC and ETH.
