Fidelity Adds Ethereum Staking Rewards to $898 Million Fund

Fidelity has added Staking to its Ethereum fund, which now stands at $898 million. The fund will provide quarterly cash distributions to shareholders.

The company will retain 85% of the Staking rewards, while 15% will go to the sponsor, trustees, and node operators. This means that up to 100% of Ethereum deposits in the fund are eligible for Staking.

This move by Fidelity marks a significant development in the world of cryptocurrency investment, as more traditional financial institutions begin to offer Staking services.