Fidelity moves to add staking, quarterly payouts to near $900 million ether ETF

60-second summary

Fidelity is adding staking and quarterly payouts to its near $900 million ether ETF, allowing investors to earn returns from their holdings. The fund will retain 85% of gross staking rewards, with the remaining 15% going to service providers, providing a new revenue stream for investors in the growing ether market, boosting demand for the cryptocurrency.