<p><span style="font-weight: 400;">A new Ethereum Index Fund launched by Fidelity Investments provides its clients exposure to ETH, according to a document the firm </span><a href="https://www.sec.gov/Archives/edgar/data/1949105/000194910522000001/xslFormDX01/primary_doc.xml"><span style="font-weight: 400;">filed</span></a><span style="font-weight: 400;"> with the SEC on Sept. 26.</span></p> <p><span style="font-weight: 400;">The fund launched by the multi-trillion dollar asset manager is accepting minimum outside investments of $50,000 and showed just over $5,000,000 in reported sales, CoinDesk first <a href="https://www.coindesk.com/business/2022/10/04/asset-management-giant-fidelity-adds-to-crypto-offerings-with-ethereum-index-fund/?utm_medium=referral&amp;utm_source=rss&amp;utm_campaign=headlines">reported</a>.</span></p> <p>News that Fidelity might soon provide crypto offerings to <a href="https://www.theblock.co/post/168603/fidelity-to-offer-bitcoin-trading-to-retail-customers-reports">retail consumers</a> spread across the wires earlier this month.</p> <p><span style="font-weight: 400;">Fidelity helped establish routes to crypto markets in 2018 when it launched a bitcoin trading business aimed at institutional investors and hedge funds. In 2020, Fidelity launched a bitcoin index fund that, last May, </span><a href="https://www.theblock.co/linked/148502/fidelitys-bitcoin-index-fund-surpasses-125-million-in-investments"><span style="font-weight: 400;">surpassed</span></a><span style="font-weight: 400;"> $125 million in investments.</span></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>