Fidelity Adds Ethereum Staking to FETH Fund

Fidelity has filed an amendment with the SEC to add Ethereum staking to its FETH fund, which manages $898 million in net assets.

The fund could stake up to 100% of its ETH under normal conditions and would retain 85% of the gross rewards generated. The remaining 15% would be distributed among the fund sponsor, custodians, and node operators.

Fidelity has selected Blockdaemon, Figment, and Galaxy Digital Trading Cayman as the validator nodes for the fund.