{"id":2193,"date":"2024-06-21T10:02:26","date_gmt":"2024-06-21T10:02:26","guid":{"rendered":"https:\/\/cryptogoldex.com\/index.php\/2024\/06\/21\/fidelity-reveals-4-7-million-investment-in-its-spot-ether-etf\/"},"modified":"2024-06-21T10:02:26","modified_gmt":"2024-06-21T10:02:26","slug":"fidelity-reveals-4-7-million-investment-in-its-spot-ether-etf","status":"publish","type":"post","link":"https:\/\/cryptogoldex.com\/index.php\/2024\/06\/21\/fidelity-reveals-4-7-million-investment-in-its-spot-ether-etf\/","title":{"rendered":"Fidelity Reveals $4.7 Million Investment in Its Spot Ether ETF"},"content":{"rendered":"<p>The company stated in a filing that FMR acquired 125,000 shares at a price of $38 per share and used the proceeds to purchase 1,250 Ether. Although it disclosed the seed capital for the Ether spot ETF, Fidelity did not include fees. Eric Balchunas, a senior ETF analyst at Bloomberg, believes that issuers might be waiting to see what others offer before finalizing their own fee structures. He mentioned in a post on X that Fidelity&#8217;s filing marks the beginning of the S-1 submissions, and noted that no fees have been included yet, apart from Franklin&#8217;s 19bps.<\/p>\n<p>Bitwise also did not include any fees. In January, ahead of the SEC&#8217;s approval of spot Bitcoin ETFs, issuers tried to attract attention by announcing very low fees. Grayscale, which set its fee at 1.5%, has experienced significant outflows from its GBTC spot Bitcoin ETF. In proof-of-stake mechanisms, ETH holders can lock up their assets to participate in transaction validation and earn staking rewards.<\/p>\n<p>The SEC approved spot Ethereum ETFs in May, giving a nod to applications by several firms including Fidelity, BlackRock, VanEck, Grayscale, Invesco Galaxy, Franklin Templeton, ARK 21Shares, and Bitwise. However, the approval of the form 19b-4s was only the first step, and a nod to S-1s will have to happen before the ETFs can start trading on exchanges.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company stated in a filing that FMR acquired 125,000 shares at a price of $38 per share and used the proceeds to purchase 1,250 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[415],"tags":[],"class_list":["post-2193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-trading-and-investment"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=2193"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2193\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/2192"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=2193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=2193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=2193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}