Fidelity, a renowned asset management firm overseeing $4.5 trillion in assets, has submitted an application for an Ethereum exchange-traded fund (ETF) just days after BlackRock filed for the iShares Ethereum Trust. In their filing with the SEC, Fidelity aims to list and trade shares of the Fidelity Ethereum Fund on the Cboe BZX Exchange, addressing the lack of a low-risk avenue for US investors to gain exposure to ETH. Fidelity joins a growing list of firms seeking approval for an Ether ETF, including VanEck, 21Shares & ARK, Hashdex, Grayscale, and Invesco & Galaxy.