Fidelity Discloses $4.7 Million Seed Capital In Amended ETH ETF Filing
Summary
Fidelity has updated its application for an Ethereum spot ETF, with its affiliate purchasing 125,000 shares and acquiring 1,250 Ether tokens. The firm confirmed it will not participate in Ethereum staking. BlackRock also updated its S-1 form, reporting a seed capital of around $10 million for its ETH spot ETF. Analysts predict the launch date for Ethereum spot ETFs in the United States to be July 2, 2024, pending SEC approval of final changes.
