SEC seeks public comment on proposed rule change for Fidelity's spot Ether ETF

The SEC has invited public comments on a proposed rule change that would allow Fidelity to offer shares of its spot Ether ETF. Fidelity filed for approval of the fund on November 17, and the SEC's notice marks the start of a 240-day countdown for the ETF. The filing noted that investors in other countries have had opportunities to gain exposure to Ether through exchange-traded products, while US investors are left with fewer and riskier means of getting exposure to the cryptocurrency.