-
Fidelity
became
the
latest
giant
financial
firm
to
seek
to
create
an
ether
ETF. -
The
SEC
still
needs
to
approve
these
applications
for
them
to
trade
in
the
U.S.
The
regulator
is
mulling
bitcoin
ETFs,
too. -
ETFs
could
make
it
far
easier
for
the
average
person
to
invest
money
in
a
crypto-linked
asset.
Money
management
giant
Fidelity
is
seeking
to
create
an
exchange-traded
fund
that
owns
Ethereum’s
ether
(ETH),
according
to
a
Friday
filing,
joining
rival
BlackRock
in
strengthening
its
crypto
embrace.
The
Fidelity
Ethereum
Fund
would
be
listed
by
an
exchange
owned
by
Cboe
Global
Markets,
which
posted
the
fling
that
revealed
the
existence
of
the
proposed
product.
But
first,
the
U.S.
Securities
and
Exchange
Commission
must
decide
whether
to
approve
the
ether
ETF,
as
it
must
for
others
including
one
from
BlackRock,
which
was
revealed
earlier
this
month.
Fidelity
and
BlackRock
also
want
to
create
ETFs
that
give
investors
easier
access
to
an
even
bigger
cryptocurrency:
bitcoin
(BTC).
The
SEC
has
yet
to
weigh
in
on
those
either.
ETFs
that
hold
BTC
or
ETH,
the
biggest
cryptocurrencies,
could
–
according
to
optimists
–
dramatically
shake
up
the
crypto
market.
They
are
generally
easier
to
buy
than
crypto;
a
normal,
conventional
brokerage
account
gives
an
investor
access
to
all
manner
of
ETFs,
which
trade
just
like
stocks
and
track
assets
ranging
from
the
whole
stock
market
to
gold,
corn
and
sugar.
That
could,
in
theory,
bring
in
a
flood
of
new
investment
money
into
digital
assets
–
particularly
with
the
marketing
heft
of
famous
firms
like
Fidelity
and
BlackRock.