Fidelity reveals Ethereum index fund with $5,000,000 in sales in new filing

Fidelity filed its Ethereum Index Fund targeting ETH with the U.S. Securities and Exchange Commission, and reported over $5,000,000 in sales.

Fidelity helped establish routes to crypto markets in 2018 when it launched a bitcoin trading business aimed at institutional investors and hedge funds. In 2020, Fidelity launched a bitcoin index fund that, last May,© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only.

It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Jeremy Nation is a Senior Reporter at The Block covering the greater blockchain ecosystem. Prior to joining The Block, Jeremy worked as a product content specialist at Bullish and Block.one. He also served as a reporter for ETHNews. Follow him on Twitter @ETH_Nation.

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