#ETHETFS #ETFvsBTC
Fidelity, a major U.S. asset management firm with $4.9 trillion under management, has amended its S-1 application with the SEC to increase the chances of approving its spot Ethereum ETF. Analysts now estimate a 75% probability of approval. The key change in the amendment is the removal of a clause about Ethereum staking, which had previously indicated that the fund would stake assets and treat staking rewards as taxable income for investors. By eliminating this clause, Fidelity simplifies the fund's structure and addresses regulatory concerns, potentially improving the ETF's approval prospects.
