Asset Management Giant Fidelity Adds to Crypto Offerings With Ethereum Index Fund
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Fidelity’s new Ethereum Index Fund offers clients access to ether (ETH), the second largest cryptocurrency by market capitalization.
The fund has raised about $5 million since sales started on September 26, according to a filing with the U.S. Securities and Exchange Commission. The minimum investment is $50,000.
Fidelity launched its crypto-focused institutional custody and trading platform Fidelity Digital Assets in 2018. The firm offers two exchange-traded crypto funds dedicated to the metaverse and digital payments, respectively. Last month, news broke that Fidelity was considering offering crypto trading to its retail brokerage clients.
Read more: TradFi Investors Will Love Ethereum’s Merge
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