- As per the updated SEC filing, FMR Capital, Inc., an affiliate of Fidelity, purchased 125,000 shares in June at a price nearly equivalent to $37 per share.
- Issuers still need to wait for their S-1 statements to take effect before trading can begin.
large asset management firm Fidelity disclosed a $4.7 million initial investment for its spot Ethereum ETH -3.24% exchange-traded fund in its most recent amended filing.
FMR Capital, Inc., a Fidelity affiliate, paid $40 for a single share in late May. FMR later purchased 125,000 shares on June 4 at a price per share about $38, according to information in Fidelity’s updated registration form, which was submitted on Friday.
The filing states that $4,749,975.00 was the total amount of funds sold to the Trust. Using the profits from the Seed Baskets, the Trust bought 1,250 ether on June 4, 2024.
Fees were not included in Fidelity’s form, which is in line with other statements made by spot Ether ETF issuers.
Starting off the S-1-athon is Fidelity. According to a post on X on Friday, Eric Balchunas, a senior ETF analyst at Bloomberg, there isn’t a fee included yet, but Franklin has only paid one thus far, at 19bps. Bitwise excluded both of them.
Everyone is probably waiting to disclose till the last minute and/or on BlackRock to find out what they need to revolve around.
In an amendment to its registration form earlier this week, Bitwise indicated that Pantera Capital Management LP was thinking about buying up to $100 million worth of shares. Bitwise also disclosed a $2.5 million startup investment.
The SEC certified eight Ethereum ETFs’ 19b-4 forms last month. Issuers still need to wait for their S-1 statements to take effect before trading can begin. Balchunas said on Friday on X that more amended S-1 filings are expected.
Balchunas stated that the onus is on the SEC to notify issuers of any final modifications and their efficacy, often known as final approval. Regarding the launch date of the ETH ETFs, we are keeping our over/under at July 2.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
