Fidelity Amends its Spot Ether ETF Filing with SEC

Fidelity, a leading investment company, has once again updated its application for a potential Ether (ETH) exchange-traded fund (ETF).

In a recent filing with the US Securities and Exchange Commission (SEC), Fidelity amended its Form S-1 Registration Statement, a necessary step in registering investments for public offering.

The latest filing reveals that FMR Capital, an affiliate of Fidelity, has purchased 125,000 shares at a cost of $38 to fund the ETF’s basket with $4.7 million.

This money was used to acquire 1,250 Ether. Moreover, Fidelity has clarified that it will not engage in ETH staking, as it had previously removed staking services from its initial proposal on May 21.

“The Trust will not participate in the proof-of-stake validation mechanism of the Ethereum network (i.e., the Trust will not ‘stake’ its Ether) to earn additional Ether or seek other means of generating income from its Ether holdings,” states the filing.