Fidelity files with SEC to add staking to Ethereum ETF
60-second summary
Fidelity is filing with the SEC to include staking in its Ethereum ETF, FETH, with 85% of rewards going to the fund and quarterly cash distributions for investors. This move aims to provide a more hands-off staking experience for FETH holders, potentially increasing the fund's appeal to institutional investors and further expanding Ethereum's mainstream adoption.
Fidelity plans to add staking to its Ether fund, with 85% of rewards retained by FETH and quarterly cash distributions planned for investors.