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Fidelity Files for Staking on Ethereum ETF Product
In a major development in the cryptocurrency market, Fidelity has made waves by filing for staking on their proposed Ethereum ETF product. This move comes as the SEC weighs its decision on various other crypto ETFs.
According to recent reports, Fidelity’s application has sent shockwaves through the crypto space, as they enter both closely watched ETF races to date. The firm’s bold move follows VanEck’s initiative to start a Solana ETF race on June 27, which has seen numerous other firms follow suit.
It is essential to note that the SEC recently delayed its decision on both XRP and Solana ETFs on Wednesday. In light of this, Polymarket bettors currently see high odds of approval for both these products. The odds of a Solana ETF being approved in the U.S. have surged to nearly 90%. Market participants fully expect the new crypto-friendly SEC administration to embrace such products with open arms.
In related news, Mt. Gox has made a significant Bitcoin transfer amid market turmoil, and it is worth noting that $1.53 trillion investment giant has filed an XRP ETF proposal.
Source: https://u.today/solana-etf-proposed-by-15-trillion-investment-titan
