Fidelity Moves to Add Staking Rewards to Its Ethereum ETF

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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 …