Ethereum

<ul><li>Fidelity&#39;s initial Ethereum ETF investment is $4.7 million, with 125,000 shares purchased by affiliate FMR Capital.</li><li>Updated S-1 filings by Fidelity and other firms are part of the process for SEC approval of spot Ethereum ETFs.</li><li>Eric Balchunas anticipated July 2 would be the launch date for these spot Ethereum ETFs.</li></ul>Fidelity has updated its proposal for a spot Ethereum (ETH) exchange-traded fund (ETF). In a <a href="https://www.sec.gov/Archives/edgar/data/2000046/000119312524165322/d759655ds1a.htm" rel="noopener noreferrer nofollow">filing</a> with the U.S. Securities and Exchange Commission (SEC) on June 21, the corporation revealed critical data about the fund&#39;s structure.Fidelity Modifies its S-1 FilingFidelity&#39;s initial investment in the ETF was $4.7 million, with affiliate FMR Capital buying 125,000 shares to start the fund&#39;s portfolio. FMR bought 125,000 shares at $38 per share and 1,250 Ether of the proceeds. This shift is part of Fidelity&#39;s updated Form S-1 Registration Statement, which is required to register investments for public sale.Moreover, Fidelity released the initial cash for the <a href="https://cryptotale.org/ethereum-etf-approval-delay-sends-altcoin-market-reeling-investor-sentiment-wanes/" rel="noopener noreferrer nofollow">Ether spot ETF</a> but did not include fees. Fidelity&#39;s updated proposal came after the SEC approved the listing of eight spot Ether ETFs, including VanEck, Grayscale, and BlackRock.<a href="https://cryptotale.org/fidelity-updates-s-1-filing-for-ether-spot-etf-initial-investment-at-4-7m/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Fidelity Updates S-1 Filing for Ether Spot ETF; Initial Investment at $4.7M

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