Asset management giant Fidelity discloses $4.7 million seed investment in Ethereum ETF: SEC filing

Asset management behemoth Fidelity disclosed a $4.7 million seed investment in its latest amended filing for its spot Ethereum exchange-traded fund.

"Total proceeds to the Trust from the sale of the Seed Baskets were $4,749,975.00," according to the filing. "On June 4, 2024, the Trust purchased 1,250 ether with the proceeds of the Seed Baskets." "Fidelity kicking off the the S-1-athon. No fee included yet tho ," said Bloomberg Senior ETF Analyst Eric Balchunas on Friday on a post on X. "Bitwise didn’t include either. Everyone likely waiting till last min and/or on BlackRock to disclose to see what they need to orbit around."

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BlackRock Amends Ethereum ETF Application; Bloomberg’s Balchunas Sees ETF Going Live By JuneShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Source: CoinDesk - 🏆 291. / 63 Read more »