Fidelity Launches Ethereum Index Fund
Fidelity has been known in the crypto space as it was one of the first investment firms that start to offer investment crypto services to institutional investors.
This bold move had a positive impact in the market as the company has gained a large share in the market and continues to grow due to the trust received from institutional investors.
Two years ago, Fidelity had created an index fund based on Bitcoin, allowing institutional investors to include Bitcoin in their portfolios.
This happens now with Ethereum, as company’s sources stating that demand for more and more cryptos from institutional investors have surpass any previous thoughts.
It seems that the large wallets have waited a long time and they might see something in the crypto market, which may finish a cycle…