Since September 26, the Ethereum Index Fund launched by investment giant Fidelity Investments has attracted $5 million CoinDesk.
according SEC filingthe minimum amount of investment in the structure is $50,000. The instrument is available to qualified investors.
According to the publication’s sources, the fund follows the momentum of the Fidelity Ethereum Index PR, directly buying the second largest cryptocurrency. It became the second after the launch of the Wise Origin Bitcoin Index Fund in 2020.
“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.— representatives of the company reported.
Currently, the company offers various Crypto ETFs and crypto-custody and trading services for institutions.
It will be recalled that in September, the mass media reported on the plans of Fidelity Investments offer bitcoin trading to individual clients of the brokerage division.
Previously, the company, along with Charles Schwab and Citadel, announced launch of the crypto exchange EDX Markets.
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