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Ethereum ETF
Fidelity Investments, a major financial services firm, is pursuing regulatory clearance for an exchange-traded fund (ETF) designed to encompass Ethereum cryptocurrency.
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On November 15, the globe's largest asset manager, BlackRock, formally submitted an application for an Ether exchange-traded fund (ETF) directly linked to the market with the United States Securities and Exchange Commission (SEC).
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Grayscale Investments, in collaboration with NYSE Arca, has submitted a request to the U.S. Securities and Exchange Commission (SEC) for permission to transform the Grayscale Ethereum Trust (ETHE) into an Ethereum spot exchange-traded fund (ETF). 
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Referred to as the Hashdex Nasdaq Ethereum ETF, this investment vehicle marks the initial submission for Ethereum futures and spot holdings in accordance with the '33 Act, with oversight and supervision provided by Toroso Investments.
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Unnamed insiders familiar with the situation have indicated that the U.S. Securities and Exchange Commission (SEC) is preparing to approve Ethereum futures exchange-traded funds (ETFs) within the upcoming months.
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