The “Ethereum Index Fund” launched by Fidelity takes off

The “Ethereum Index Fund” created by the multi-trillion dollar investment firm, Fidelity, which offers its clients ETH exposure is taking off. A filing with the US Securities and Exchange Commission (SEC) showed that this new mutual fund already has sales of just over $5,000,000.

- Advertisement -

The “Ethereum Index Fund” provides Fidelity Investments’ clients with ETH exposure, according to a document the company itself filed with the SEC on September 26. The fund accepts $50,000 as a minimum external investment and has over $5,000,000 in reported sales since its first days of operation.

This development comes to confirm the rumors that have been circulating lately that Fidelity was expected to enter the cryptocurrency industry even more vigorously and that it would offer new investment products to its clients.

Recall that in 2018 Fidelity helped create pathways to cryptocurrency markets when it launched a Bitcoin trading business targeting institutional investors and hedge funds. In 2020, it launched a Bitcoin index fund that, last May, surpassed $125 million in investments.

Previous Articles:

- Advertisement -

Latest News

Shopify, Coinbase Launch USDC Payments; Mastercard Expands Crypto Access

Shopify and Coinbase allow merchants to accept USDC stablecoin payments, making crypto transactions easier...

Coinbase Launches Wrapped ADA and LTC on Base, COIN Hits New High

Coinbase has introduced wrapped versions of Cardano (ADA) and Litecoin (LTC) on its Ethereum...

ClickFix Attacks Surge 517% in 2025, Fake CAPTCHAs Spread Malware

ClickFix attacks using fake CAPTCHA verifications have risen by 517% in early 2025, according...

FHFA Orders Fannie, Freddie to Consider Crypto as Mortgage Collateral

The U.S. Federal Housing Finance Agency ordered Fannie Mae and Freddie Mac to consider...

Retail Investors Can Now Buy Tokenized Shares of SpaceX via Blockchain

Retail investors can now buy blockchain-based fractional shares in SpaceX through Republic. These digital tokens...

Must Read

Ethereum Hosting: TOP 10 Companies to Buy Hosting With Ethereum

If you are looking for Ethereum Hosting, you've hit the jackpot. In this article, we will present the 10 Best companies to buy hosting...