Fidelity Prepares for Ethereum Staking with New Fund Distributions
Fidelity is preparing to introduce Ethereum staking and quarterly cash distributions for its spot ETF, FETH, which holds nearly $899 million in assets.
The fund may stake up to 100% of its ETH, with 85% of staking rewards going to FETH and 15% to service providers.
This move could reduce the fund's ETH holdings, potentially impacting its net asset value and share price.