FIDELITY FILES FOR SPOT ETHEREUM ETF, SAYS APPROVAL WOULD BE 'MAJOR WIN' FOR US INVESTORS

Summary from the TLDR Crypto newsletter

Fidelity has filed its own application for a spot Ethereum ETF. The move, which the firm says aims to offer safeguards to US investors dealing in the crypto space, comes in the wake of a court ruling criticizing the SEC's inconsistency regarding crypto ETFs. The SEC has so far permitted futures-based products but has rejected spot crypto ETFs.