Fidelity amends Ether ETF Filing, discloses $4.7M in seed capital.

Bloomberg analyst Eric Balchunas anticipates that additional asset managers will update their filings on June 21, with Ether ETFs potentially debuting on July 2.

Investment giant Fidelity has again updated its application for a spot Ether (ETH) exchange-traded fund (ETF). 

In a June 21 filing with the United States Securities and Exchange Commission, Fidelity has amended its Form S-1 Registration Statement, which is required to register investments for public sale.

The new filing reveals that FMR Capital, an affiliate of Fidelity, purchased 125,000 shares at a cost of $38 to seed the funds’ basket with $4.7 million. The money was used to purchase 1,250 Ether.

ETH in addition, Fidelity confirmed that it will not engage in ETH staking. Staking services were removed from the company’s initial proposal a month ago on May 21.

A flower cannot blossom without sunshine as a man cannot live without love.

Ether ETF will definitely be approved this coming July, and ETH price will reach more than $10k