Fidelity's Staking Move Could Boost Ethereum Price Toward $2,000

Fidelity has filed with the SEC to add staking to its Fidelity Ethereum Fund (FETH), which manages more than $898 million in net assets.

The proposed change would allow the spot Ethereum exchange-traded fund to generate staking rewards from its ETH holdings, with the fund planning to conduct staking through its custodians, including Anchorage Digital Bank and BitGo Bank. If approved, FETH could stake almost its entire portfolio under normal conditions.

The filing represents the latest effort by a major asset manager to incorporate Ethereum's native yield into a regulated investment product. The fund would retain 85% of the gross rewards generated through staking, with net staking rewards distributed to investors in cash on a quarterly basis.