Asset Management Giant Fidelity Adds to Crypto Offerings With Ethereum Index Fund

Asset Management Giant Fidelity Adds to Crypto Offerings With Ethereum Index Fund

Ethereum

Fidelity’s new Ethereum Index Fund offers clients access to ether (ETH), the second largest cryptocurrency by market capitalization.

The fund has raised about $5 million since sales started on September 26, according to a filing with the U.S. Securities and Exchange Commission. The minimum investment is $50,000.

Fidelity launched its crypto-focused institutional custody and trading platform Fidelity Digital Assets in 2018. The firm offers two exchange-traded crypto funds dedicated to the metaverse and digital payments, respectively. Last month, news broke that Fidelity was considering offering crypto trading to its retail brokerage clients.

Read more: TradFi Investors Will Love Ethereum’s Merge

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