Investment giant Fidelity has updated its application to create an exchange-traded fund (ETF) on Ether. FMR Capital, an affiliate of Fidelity, purchased 125,000 shares at $38 to form a $4.7 million fund basket. These funds were used to purchase 1,250 Ether (ETH). Fidelity has confirmed that it will not be participating in ETH staking. 📉 The SEC has approved a rule change allowing the listing and trading of eight Ether ETFs from large asset managers.