Asset investment giant Fidelity is strengthening its role in the cryptocurrency industry with the Ethereum Index Fund.
Launched by Fidelity, the new Ethereum (ETH) Index Fund will allow company clients to invest in ether, the market’s second-largest cryptocurrency.
The fund began selling on Sept. 26 and is currently around about 5 million dollars received investment.
To be included in Fidelity’s new fund for Ethereum invest at least $50,000 needs.
Fidelity entered the cryptocurrency market in 2018 by establishing Fidelity Digital Assets. The company through this branch enterprise-level custody and trading offers the service.