Many institutions have taken action again!!!

Let's see how institutions affect the market!

ETF applications for ETH are still ongoing

Fidelity Investments invested $4.7 million in Ethereum ETF and is waiting for SEC approval

Fidelity and Bitwise have updated their Ethereum ETF applications, including a $4.7 million seed investment.

Fidelity's application is an update to an existing application, while Bitwise included the new investment in its amendment.

The SEC has approved eight Ethereum ETF forms, and asset managers are waiting for final approval to start trading.

Bloomberg analyst Eric Balchunas expects asset managers to make more amendments to applications on June 21, and may launch Ether ETFs on July 2.