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On Nov 30, the SEC called for public opinion on a proposed rule change that will allow Fidelity Investments, an asset management giant, to list and trade shares of the Fidelity Ethereum Fund. This process uses specialized equipment to solve complex mathematical problems as part of the energy-intensive and potentially lucrative bookkeeping process that helps some cryptocurrencies operate without a central monetary authority. Meanwhile, the largest thrust for the crypto space has come from institutional investors.
