Fidelity’s #Ethereum reum-Based Tokenized Fund**:
Fidelity’s launch of a U.S. Treasury Bill fund on Ethereum underscores institutional trust in blockchain for traditional asset tokenization. This could:
- Boost Ethereum’s utility and demand (long-term bullish).
- Encourage other institutions to follow, enhancing ETH’s role in decentralized finance (DeFi).
- Potential concerns: Ethereum’s scalability (gas fees) if adoption spikes, though layer-2 solutions may mitigate this.
