SEC Files Fidelity's ETF Application: Analyst Predicts Approval Odds to Remain Low

Wednesday, 3 April 2024, 09:24

The U.S. Securities and Exchange Commission has officially filed Fidelity's application for an Ethereum ETF. Nonetheless, analyst James Seyffart believes that the chances of approval are still uncertain and unlikely to change based on the recent filing. Despite the action taken, the analyst expressed skepticism regarding any significant shift in the outcome.
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SEC Files Fidelity's ETF Application: Analyst Predicts Approval Odds to Remain Low

Fidelity's Ethereum ETF Application Filed by SEC

The U.S. Securities and Exchange Commission has officially filed Fidelity's application for an Ethereum ETF, but approval odds deemed uncertain by analyst James Seyffart despite this development.

Analyst Predicts Probability for Approval Remains Low

According to the analyst, there is little indication of a change in outcome despite the recent filing, casting doubt on the approval likelihood.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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