Fidelity Seeks SEC Approval for Ethereum Fund Staking

Fidelity has filed an amendment to its Form S-3 registration statement with the U.S. SEC, allowing the Fidelity Crypto Ethereum Fund (FETH) to stake up to 100% of its ether holdings.

The fund would retain 85% of staking rewards, while paying investors in cash every quarter. The prospectus notes that distributions are not guaranteed and may be modified or suspended.

Fidelity has chosen to build the disclosure and operational framework now, so that FETH can move quickly once SEC effectiveness clears.