Fidelity Submits S-1 Application to US SEC for Ethereum Exchange-Traded Fund (ETF) Incorporating Staking

There are several additional dangers linked to the ETF. The document highlights that the fund could be adversely affected by regulatory actions in the United States and other countries. The termination of the trust could result from various factors, including regulatory measures such as the Securities and Exchange Commission (SEC) classifying the fund as an investment company under the 1940 Act, the U.S. Commodity Futures Trading Commission (CFTC) categorizing the fund as a commodity pool under the Commodity Exchange Act, and the determination that the fund qualifies as a money service business as per the rules of the U.S. Treasury Department’s Financial Crimes Enforcement Network.