Fidelity Prepares Ethereum Staking for FETH ETF Amid Rising Assets

Fidelity is gearing up to introduce Ethereum staking for its FETH ETF, which has amassed $898.71 million in net assets as of August 11.

The amended registration statement indicates that FETH will stake up to 100% of its ETH, but there is no minimum commitment required.

Custody agreements have been drawn up with Anchorage Digital and BitGo, while Fidelity Digital Assets will continue as the fund's custodian.

The staking rewards will be shared among FETH (85%), sponsor, custodians, node operators, and other service providers (15%).