Fidelity Pursues SEC Approval for Spot Ether ETF

[cryptoupdate]

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.