Fidelity Seeks SEC Approval to Add Staking to Ethereum ETF

1 month ago 11

Rommie Analytics

Key Takeaways:

Fidelity has applied to the SEC to enable it to stake an unlimited percentage of its eligible Ether under normal conditions in the Fidelity Ethereum Fund (FETH).
Staking rewards would be split into 15% staking fees and 85% to the fund.
FETH intends to pay out cash rewards to net stakers in quarterly amounts, but not guaranteed.

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