Fidelity Adds Ethereum Staking to $898M FETH Fund

Fidelity has announced plans to add Ethereum staking and quarterly cash distributions to its $898 million Fidelity Ethereum Fund (FETH). The trust will be able to stake up to 100% of its ETH under normal conditions, with the remaining ether available for liquidity needs.

The fund will retain 85% of gross staking rewards, while the sponsor, custodians, and node operators will receive 15%. Net staking rewards will cover fund expenses before being distributed to shareholders in quarterly cash payments.