Investment Firm Fidelity Raises $5M for its Ethereum Index Fund

The Ethereum Index Fund, which was launched by the investment giant Fidelity Investments, has raised $5 million since September 26.

According to the document filed by the company with the Securities and Exchange Commission (SEC), the minimum investment in the structure is $50,000. The tool is available to accredited investors.

According to sources, the fund monitors the dynamics of the Fidelity Ethereum Index PR, buying directly ETH. It became the second after the Wise Origin Bitcoin Index Fund launched in 2020.

Company representatives have stated:

“As the cryptocurrency market grows, Fidelity recognizes the need for a diverse set of products and solutions. We continue to see customer demand for access to digital assets outside of Bitcoin.”