Fidelity Joins Pursuit of Ethereum ETF, Echoing BlackRock's Crypto Strategy

By: Eliza Bennet

Global asset management giant, Fidelity is reportedly planning to create an Ethereum ETF, following in the footsteps of BlackRock. This development indicates a growing interest in cryptocurrencies even among habitual giant asset management firms. Since 2018, Fidelity has displayed a strong focus on expanding its crypto business line reflecting a long-term view regarding the potential of blockchain technologies and digital currencies.

These significant giants recognising the value of cryptocurrencies, Ethereum in particular, might substantially influence its adoption rate and overall values. With the creation of Ethereum ETFs, it might be possible for retail investors to explore crypto investments in a more regulated and secure environment.