According to breaking information, giant asset management company Fidelity has applied for Ethereum Spot ETF.
Coinbase was listed as the custodian in the ETF application.
Following the development, a modest increase in Ethereum price and volume was observed. ETH suddenly gained approximately 0.5% in value.
While major Wall Street companies are applying for spot Ethereum ETFs one after another, the SEC has not even made a decision on spot Bitcoin ETFs yet.
In today's developments, the SEC postponed two different Bitcoin ETF applications. Even the SEC decided to postpone the Global X Spot BTC ETF, which had not yet reached its final decision date.
Bloomberg analysts think that if Bitcoin ETFs are approved, it will be Ethereum ETFs' turn and the possibility of approval is strong. As Bitcoinsistemi.com, we reported that the critical date for Bitcoin ETFs is January 10, 2024.
*This is not investment advice.