The SEC is under pressure ! Indeed, at the moment, his desks are littered with several files including requests for spot ETF issuance based on bitcoin and ether. And they deserve to be studied scrupulously. Plus, when financial giants like BlackRock and Fidelity knock on the crypto regulator’s door, it’s hard not to open it.
Fidelity in turn files an application for an Ethereum spot ETF
This week was marked by the introduction of the application for registration of BlackRock’s iShares Ethereum Trust. Crypto analysts saw this initiative as the advent of other similar demands. And that’s what’s happening right now.
“ Update: Fidelity joins the Ethereum ETF race by filing a 19b-4 with the CBOE. »
According to Cointelegraph, Fidelity also filed a document relating to an application for approval of an ether spot ETF on November 17. Its aim being to list and trade Fidelity Ethereum Fund shares on the Cboe BZX exchange.
“ According to the registration statement, each share will represent a fractional undivided beneficial interest in the net assets of the Trust. The assets will consist of ETH held by the custodian on behalf of the Trust », We can read in the columns of Cointelegraph.
In the same document, Fidelity discussed the lack of a low-risk way to gain exposure to ether for the attention of Americans. Gold, Europeans Already Enjoy the Convenience of Bitcoin Spot ETFs. In addition, they can trade the same products on regulated exchanges offering fairly diversified financial instruments.
Let’s not forget that in mid-August, the crypto regulators of the Old Continent validated Jacobi’s request for the creation of spot Bitcoin ETFs.
“ US retail investors do not have a US regulated and exchange-traded vehicle to gain exposure to ETH », Specifies the Fidelity team.
It is completely normal that Americans envy Europeans when it comes to regulating the cryptocurrency and DeFi market at the moment.
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