Fidelity Seeks SEC Approval for Staking Options on Ethereum ETF

Fidelity has submitted an application to the US Securities and Exchange Commission (SEC) to add staking options to its Ethereum ETF, FETH.

This move aims to allow the fund's participants to earn passive rewards by validating transactions on the Ethereum network.

The fund would retain 85% of the rewards generated, with the remaining 15% covering operational and technological fees associated with maintaining active nodes.