Breaking: Fidelity Files Updated Spot Ethereum ETF S-1

Financial services giant Fidelity Investments has just filed an updated spot Ethereum ETF S-1 registration form. As projected earlier, the majority of the prospective spot Ethereum issuers are expected to file these updates today.

Is Spot Ethereum ETF Trading Close?

The Fidelity Investments S-1 updated filing comes amid growing speculation regarding the greenlight for spot Ethereum ETFs to commence trading. According to Bloomberg’s Senior ETF Analyst Eric Balchunas spotted one major omission in Fidelity’s filing.

The asset manager failed to include a sponsor fee. As Balchuna noted, the recent filing from Bitwise and BlackRock did not also include fees in what many might construe as a trend.

However, Franklin Templeton bucked the trend when it sets its sponsor fee at 19 bps.

Fidelity kicking off the the S-1-athon. No fee included yet tho (Franklin only one w fee so far at 19bps). Bitwise didn’t include either. Everyone likely waiting till last min and/or on BlackRock to disclose to see what they need to orbit around. https://t.co/vGCY2mnqBr

— Eric Balchunas (@EricBalchunas) June 21, 2024

Since most of these issuers cannot offer the spot ETF without fees perpetually, Balchunas suggested that the wait is probably for the last day of trading.

This is a developing story, please check for updates!

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