Fidelity, a large asset management company, has applied for a Spot Ethereum ETF. The filing was made with Coinbase listed as the custodian, and there was a minor market reaction of around 0.5% in Ethereum's market value. Recent applications for a Bitcoin ETF have been postponed by the SEC, allowing other ETFs such as Ethereum a chance for approval. Analysts think that the possibility of approval of Ethereum ETF is strong. It is important to remind that this article is only informational and not investment advice.



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