SEC Requests Public Opinion on Fidelity’s Ethereum ETF Application
The United States Securities and Exchange Commission (SEC) is seeking comments on Fidelity’s proposal for a spot Ethereum exchange-traded fund (ETF). The SEC is inviting interested individuals to express their views on the matter.
Express Your Opinion on Fidelity’s Ethereum ETF Application
The SEC is encouraging people to submit written data, views, and arguments regarding the proposed rule change. This includes assessing whether the change aligns with existing regulations.
Fidelity’s Proposal for a Rule Change
Fidelity’s application aims to allow the listing and trading of shares from the Fidelity Ethereum Fund. The fund seeks to track ETH’s performance while considering deductions for expenses and liabilities.
Other Countries Lead in Offering ETFs
In contrast to the US, where there is no regulated means of gaining exposure to Ethereum, Fidelity highlights that investors in Germany, Switzerland, and France can access Ethereum through regulated channels. Fidelity cites counter-party risk, legal ambiguity, technical challenges, and complexity as obstacles faced by US investors.
Hot Take: SEC Invites Public Opinion on Fidelity’s Ethereum ETF Application
The SEC’s request for comments on Fidelity’s spot Ethereum ETF application demonstrates a willingness to consider public opinion. This move could potentially lead to increased transparency and engagement in the decision-making process for cryptocurrency-related investment products.