Fidelity Seeks SEC Approval for Staked Ethereum ETF

Fidelity Investments has filed to convert its spot Ethereum ETF (FETH) from a passive price tracker into a product that earns staking income on potentially all of its holdings.

The Form S-3 registration statement, filed with the SEC on July 24, 2026, and surfaced on EDGAR in early August, would let Fidelity Ethereum Fund stake up to 100% of its ether under normal circumstances while paying aggregate staking fees equal to 15% of rewards received by the trust.

FETH held approximately $898 million in net assets as of mid-August 2026. The trust keeps the remaining 85% of rewards after those fees, and Fidelity expects quarterly cash distributions funded by net staking rewards.

The SEC has not set a public timeline for reviewing the amendment, but the proposal defines aggregate staking fees of 15% of all staking rewards received by the trust, payable collectively to the sponsor, custodians, and node operators.