Fidelity Files with SEC to Add Staking to Ethereum ETF

Fidelity Investments has filed with the US Securities and Exchange Commission (SEC) to add staking to its Ethereum fund, FETH. The asset manager plans to stake up to 100% of its Ether under normal conditions, excluding ETH reserved for redemptions, expenses, and liquidity needs.

The fund would retain 85% of staking rewards, with 15% going toward staking fees, and plans quarterly cash distributions, although payouts are not guaranteed. Fidelity expects staking to begin 'as soon as practicable' after the prospectus date.