Fidelity Moves to Add Staking Rewards to Its Ethereum ETF

The post Fidelity Moves to Add Staking Rewards to Its Ethereum ETF appeared first on Coinpedia Fintech News

Fidelity is preparing to turn its Fidelity Ethereum Fund (FETH) into a yield-generating investment product. The firm has filed an amended registration statement with the U.S. SEC seeking permission to stake up to 100% of the fund’s ETH holdings and pass the resulting net rewards to shareholders through quarterly cash distributions. The filing is still …