๐Ÿš€ Fidelity, the world's 4th largest asset manager, is all set to launch its Ethereum ETF, seeding it with a cool $4.7M! ๐Ÿ’ฐ This move shows Fidelity's confidence in the fund, following in the footsteps of its Bitcoin ETF launch earlier this year.

๐Ÿ“ˆ Other big names like BlackRock and Bitwise are also in the game, seeding their funds with $10M and $200M respectively. Bitwise even revealed a $2.5M seed for its Ethereum ETF.

๐Ÿ’ผ Franklin Templeton is so far the only one to reveal the management fee for their Ethereum fund, matching their Bitcoin product at 0.19%. This makes it the cheapest of any Bitcoin or Ethereum ETF so far.

๐Ÿ”ฎ Predictions are varied on how well ETH ETFs will perform. Some say they won't surpass Bitcoin's, but will outperform the average newly launched ETF product. Others are more bullish, predicting they could pull in $45B of inflows within a year.

What do you think? ๐Ÿค” Let's chat in the comments! #DeFi #Ethereum #ETF #Fidelity