Fidelity Gets Green Light to Stake Up to 100% of Ethereum and Solana ETF Holdings

Fidelity has secured approval to stake up to 100% of its Ethereum and Solana ETF holdings, marking a significant step in integrating proof-of-stake rewards into traditional financial products.

The amendments to the funds' prospectuses allow Fidelity to actively stake the underlying tokens, aligning with a broader trend of incorporating staking into regulated financial products.

As of June 30, FSOL was already staking 99.64% of its holdings, and FETH is expected to begin staking soon after a rule change on Aug. 21.

The approval reflects a growing acceptance of staking as a legitimate yield-generating mechanism within the ETF structure, but introduces new risks around liquidity and redemption timing.