Fidelity Submits S-1 Application to US SEC for Ethereum EFT with Staking

The ETF carries various additional dangers. The document highlights that the fund could be adversely affected by regulatory measures in the United States and other countries. Among the potential reasons for the trust’s termination, it includes regulatory action such as the SEC classifying the fund as an investment company under the 1940 Act, the U.S. Commodity Futures Trading Commission categorizing the fund as a commodity pool under the Commodity Exchange Act, and the determination that the fund qualifies as a money service business according to the rules of the U.S. Treasury Department’s Financial Crimes Enforcement Network.