[Blockchain Gossip] According to the U.S. Securities and Exchange Commission (SEC) documents, Fidelity recently updated its Ethereum spot ETF S-1 application, and the result is a bit unexpected! Fidelity actually withdrew its plan to pledge Ethereum (ETH) in its proposed ETF. 😮

In the previous application documents, Fidelity had clearly stated that it intended to pledge "a portion of the trust fund assets" to "one or more" infrastructure providers. However, the latest update clearly stated that "Ethereum stored by the custodian will not be pledged."

This change has attracted widespread attention in the market. Why did Fidelity make such a decision? Is it because of changes in the market environment, or are there other deep-seated reasons? What do you think? Welcome to speak freely in the comment area and let's discuss together! At the same time, please continue to pay attention to our updates, we will bring you the latest blockchain industry trends as soon as possible!