Fidelity submits amended Ethereum ETF draft, others expected to pour in soon

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Ethereum is down by 1% on Friday as prospective spot ETH ETF issuers begin pouring in their updated S-1 filings after the Securities & Exchange Commission (SEC) commented on them last week.

Fidelity filed an amended spot Ethereum ETF S-1 draft with the SEC amid expectations that other issuers will submit their filings on Friday. Ethereum could see mass adoption if pitched to traditional investors as disruptor to Big Tech. Ethereum bullish view still in play as long-term holders continue accumulation.

ETH technical analysis: Ethereum's bullish view still in play following accumulation Ethereum is trading around $3,480 on Friday as the top altcoin has seen over $30.9 million in liquidations. ETH's long liquidations are at $24.6 million, while short liquidations are at $6.23 million.

 

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