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Asset Management Giant Fidelity Adds to Crypto Offerings With Ethereum Index Fund

source-logo  coindesk.com  + 11 more 04 October 2022 16:24, UTC

Fidelity’s new Ethereum Index Fund offers clients access to ether (ETH), the second largest cryptocurrency by market capitalization.

The fund has raised about $5 million since sales started on September 26, according to a filing with the U.S. Securities and Exchange Commission. The minimum investment is $50,000.

Fidelity launched its crypto-focused institutional custody and trading platform Fidelity Digital Assets in 2018. The firm offers two exchange-traded crypto funds dedicated to the metaverse and digital payments, respectively. Last month, news broke that Fidelity was considering offering crypto trading to its retail brokerage clients.

Read more: TradFi Investors Will Love Ethereum’s Merge

coindesk.com

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