Fidelity Seeks SEC Approval to Add Staking to Ethereum ETF
Fidelity Seeks SEC Approval to Add Staking to Ethereum ETF
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Fidelity has filed with the U.S. Securities and Exchange Commission (SEC) to incorporate staking capabilities into its proposed Ether fund, FETH. The filing indicates that FETH plans to retain 85% of the staking rewards, with the intention of distributing quarterly cash payments to investors.
Fidelity plans to add staking to its Ether fund, with 85% of rewards retained by FETH and quarterly cash distributions planned for investors.