{"id":67729,"date":"2022-10-07T09:02:33","date_gmt":"2022-10-07T09:02:33","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=67729"},"modified":"2022-10-07T09:02:33","modified_gmt":"2022-10-07T09:02:33","slug":"fidelity-launches-ethereum-index-fund-sees-client-demand-for-exposure-to-digital-assets-beyond-btc","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=67729","title":{"rendered":"Fidelity Launches Ethereum Index Fund \u2014 Sees Client \u2018Demand for Exposure to Digital Assets Beyond BTC\u2019"},"content":{"rendered":"

\"Fidelity<\/p>\n

A filing with the U.S. Securities and Exchange Commission has shown that Fidelity looks to launch an investment product known as the Fidelity Ethereum Index Fund on October 4, 2022. While the new fund is not an exchange-traded fund it is said to be structured as a \u201ctraditional limited partnership.\u201d<\/strong><\/p>\n

Traditional Limited Partnership<\/h2>\n

According to a filing lodged with the U.S. Securities and Exchange Commission (SEC), Fidelity planned to launch an Ethereum index on October 4, 2022. As per the filing, a minimum investment accepted from an outsider interested in the security is $50,000. At the time of writing, the fund had just over $5 million worth of assets.<\/p>\n

As explained by a report<\/a> published by Barron\u2019s Advisor, the new security, which is also known as the Fidelity Ethereum Index Fund, is not an exchange-traded fund (ETF). Instead, the ethereum index fund is said to be structured as a \u201ctraditional limited partnership.\u201d<\/p>\n

A limited partnership according to Investopedia, is a partnership made up of two or more partners. One partner known as the general partner is responsible for managing the business while other partners who are also known as limited partners are not involved in the day-to-day activities of the business.<\/p>\n

Clients\u2019 Demand for Exposure Beyond Bitcoin<\/h2>\n

Commenting on the revelations that Fidelity had launched an ETH-based index fund less than two years after it launched a similar fund for bitcoin, a spokesperson for the investment company reportedly said:<\/p>\n

\n

We have continued to see client demand for exposure to digital assets beyond bitcoin.<\/p>\n<\/blockquote>\n

The new fund, whose benchmark is the Fidelity Ethereum Index PR (FIDETHP), is reportedly constructed using the second largest crypto asset\u2019s price feeds which are obtained from the so-called approved exchanges.<\/p>\n

What are your thoughts about this story? Let us know what you think in the comments section below. <\/em><\/strong><\/p>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

A filing with the U.S. Securities and Exchange Commission has shown that Fidelity looks to launch an investment product known as the Fidelity Ethereum Index Fund on October 4, 2022. While the new fund is not an exchange-traded fund it is said to be structured as a \u201ctraditional limited partnership.\u201d Traditional Limited Partnership According to […]<\/p>\n","protected":false},"author":2,"featured_media":67730,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-67729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/67729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67729"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/67729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/67730"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}