In a significant development, financial services giant Fidelity Investments has filed an updated spot Ethereum ETF S-1 registration with the US Securities and Exchange Commission (SEC). This move comes amid growing speculation about the approval of spot Ethereum ETFs for trading. The updated filing did not include details on fees, which has been a trend among other issuers like Bitwise and BlackRock. However, Franklin Templeton has set its sponsor fee at 19 bps.

The S-1 filing is a crucial step towards launching a spot Ethereum ETF, and market participants are eagerly awaiting the SEC's decision. The lack of fees in the filing has raised questions, with some analysts suggesting that issuers may be waiting for the last day of trading to reveal their fees.

Fidelity's move is seen as a positive sign for the cryptocurrency market, which has been eagerly awaiting the launch of spot Ethereum ETFs. The approval of such ETFs is expected to increase mainstream adoption and drive growth in the cryptocurrency market.

In conclusion, Fidelity's updated spot Ethereum ETF S-1 filing is a significant development in the cryptocurrency market. As the market awaits the SEC's decision, investors and traders are eagerly watching for any updates that could impact the future of cryptocurrency trading.