📢 Fidelity has updated its S-1 filing for a spot Ethereum ETF, making it the first to do so with the SEC. The filing reveals a $4.7M seed investment for the ETF, with 125,000 shares purchased by FMR Capital to kickstart the fund. However, Fidelity has not yet disclosed any fees. The firm also confirmed that its ETF will not include staking. The SEC approved spot Ethereum ETFs in May, but trading can't begin until S-1s are approved, which is expected this summer. 💼🚀 What are your thoughts on this development? Share in the comments!