Fidelity, a $4.5 trillion asset management firm, has submitted an application for a spot Ethereum exchange-traded fund (ETF). The filing, made with the U.S. SEC on November 17th, proposes the listing and trading of shares of the Fidelity Ethereum Fund on the Cboe BZX Exchange.
Prior to Fidelity's application, BlackRock was the first to file for a spot Ethereum ETF called the iShares Ethereum Trust with the SEC on November 16th. Currently, there are a total of seven firms that have applied for an Ether ETF, including VanEck, 21Shares & ARK Invest, Hashdex, Grayscale, and Invesco Galaxy.
According to a Bloomberg ETF analyst, the next SEC decision deadline for the Spot Ethereum ETF is anticipated to be in early to mid-December.