Fidelity jumps aboard the spot ETH ETF train

Fidelity filed a 19b-4 on Friday for a spot ETH ETF

article-image

JHVEPhoto/Shutterstock modified by Blockworks

share

Fidelity filed a 19b-4 application with the Securities and Exchange Commission late Friday for an ethereum ETF.

According to the filing, the proposed rule change names the fund the Fidelity Ethereum Fund. The 19b-4 was filed with CBOE.

A 19b-4 is a rule change form required by the SEC.

“The investment objective of the Trust is to seek to track the performance of ETH, as measured by the performance of the Fidelity Ethereum Index…In seeking to achieve its investment objective, the Trust will hold ETH,” the filing said. 

Fidelity’s proposed ETH fund comes a week after BlackRock also filed a 19b-4 for an ether ETF. Since then, BlackRock has submitted an S-1 with the SEC, paving the way for the Commission to make a decision on the fund. BlackRock’s fund would be listed on Nasdaq.

Read more: SEC delays yet another bitcoin ETF rule change

Fidelity is also in the running for a spot bitcoin ETF, having re-upped its bid for that fund back in June. The SEC has yet to make a decision on whether it will greenlight any spot bitcoin ETFs, having recently delayed a few with November deadlines, including Franklin Templeton, Hashdex and Global X

BlackRock is also in the running for a spot bitcoin ETF, which has led many to believe that the SEC is considering greenlighting the ETFs. BlackRock has a long history of approvals with the SEC. 

In October, the Depository Trust and Clearing Corporation listed BlackRock’s proposed ETF on its site, leading eagle-eyed ETF watchers to believe that the asset manager was close to receiving regulatory approval. 

However, the DTCC later told Blockworks that the move was not indicative of a pending approval.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template.png

Research

The march toward an interoperable and onchain-by-default internet depends on reliable messaging and value transfer across heterogeneous domains. Crosschain protocols now process >$1.3T in combined annual transfer volume and secure tens of millions of user interactions, yet no single design dominates.

article-image

The goal, per Santiago Santos, is to make crypto a relatable piece of tech for people who may not even understand it

article-image

Stripe stablecoin unit aims to operate under a federal charter enabling regulated stablecoin issuance and custody services

by Blockworks /
article-image

Will TradFi make crypto better or create more problems than it solves?

article-image

Subtle decisions by risk curators saved Aave from significant turmoil

article-image

The new Rootstock Institutional unit aims to connect professional investors to Bitcoin-native yield and liquidity strategies anchored in BTC’s security layer

by Blockworks /
article-image

DOJ files record civil forfeiture against more than 127,000 BTC linked to scam activity

by Blockworks /